The Euro changed direction and slightly declined yesterday after it had increased for the past three consecutive business days; many other major currencies also depreciated against the US dollar including Aussie dollar and GBP. Gold price finished Tuesday’s trading with sharp gains; WTI crude oil price also sharply rose yesterday.
Here is a summary of the development of major currencies for February 21st:
Forex Market:
The Euros to US Dollar slightly decreased by 0.07% at 1.3234; during the month, the EUROS/USD rose by 1.15%. Australian Dollar to US Dollar sharply decreased by 0.86% to 1.0663.
The U.S dollar to Canadian dollar slightly rose to 0.9969. During February the USD/CAD exchange rate fell by 0.57%.
The GBP to USD decreased by 0.46% to 1.5778; from the beginning of the month the GBP to USD rose by 0.12%.
Finally, the U.S Dollar/ Yen rose by 0.14% to 79.74.
Commodities Market:
Gold price sharply rose on Monday by 1.89% to $1,758.5. During the month, gold price slightly increased by 1.04%.
WTI oil price also sharply increased by 2.52% and reached $105.84 per barrel; during the month the WTI rose by 7.47%.
A Summary of Yesterday’s Exchange Rates:
The table below includes: closing prices, daily percent change, and daily changes:
For further reading:
- Weekly Outlook for 20-24 February
- Gold and Silver Prices Weekly Outlook for February 20-24
- Gold and Silver Prices Outlook for February 2012