The Euro changed direction again and slightly rose yesterday after it had decreased a day earlier; alternatively many other major currencies depreciated against the US dollar including Aussie dollar and Yen. Gold price finished Wednesday’s trading in the green; crude oil price also slightly rose yesterday.
Here is a summary of the development of major currencies for February 22nd:
Forex Market:
The Euros to US Dollar slightly increased by 0.11% at 1.3249; during the month, the EUROS/USD rose by 1.27%. Australian Dollar to US Dollar on the other hand decreased by 0.23% to 1.0638.
The U.S dollar to Canadian dollar slightly rose to 0.9998. During February the USD/CAD exchange rate fell by 0.28%.
The GBP to USD decreased by 0.70% to 1.5668; from the beginning of the month the GBP to USD slipped by 0.58%.
Finally, the U.S Dollar/ Yen rose by 0.69% to 80.29.
Commodities Market:
Gold price slightly rose on Tuesday by 0.73% to $1,771.3. During the month, gold price slightly increased by 1.78%.
WTI oil price also increased by 0.09% and reached $105.93 per barrel; during the month the WTI rose by 7.56%.
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