Despite the high anxiety levels in the markets due to the Greek debt negotiations, the forex market didn’t react much to this news: the Euro slightly fell against the U.S. dollar on Monday. Many other currencies also depreciated against the U.S Dollar including Australian dollar and Candia in dollar. Gold and WTI oil prices slightly declined during Monday’s trading.
Here is a summary of the development of major currencies for February 6th:
The Euros to US Dollar fell by 0.21% to 1.3130; during the month, the EUROS/USD rose by 0.36%. Australian Dollar to US Dollar also decreased by 0.42% to 1.0726.
The U.S dollar to Canadian dollar slightly rose to 0.9960. During February the USD/CAD exchange rate fell by 0.66%.
The GBP to USD rate slightly rose by 0.04% to reach 1.5821; from the beginning of the month the GBP to USD increased by 0.39%.
Finally, the U.S Dollar depreciated against the Yen by 0.07% and reached 76.54.
Gold price decreased again on Monday by 0.88% to $1,740.3. During the month, gold price fell by 0.9%.
WTI oil price also decreased by 0.95% and reached $96.91 per barrel; during the month the WTI fell by 1.59%.
A Summary of Yesterday’s Exchange Rates:
The table below includes: closing prices, daily percent change, and daily changes:
For further reading:
- Gold and Silver Prices Weekly Outlook for February 6-10
- Weekly Outlook for February 6-10
- Gold and Silver Prices Outlook for February 2012