The forex market continued to dwindle during yesterday’s trading despite’s ECB decision to keep interest rate unchanged. The Euro slightly rose against the USD; other major currencies slightly appreciated against the US dollar including CAD. Gold and silver changed direction again and rose; crude oil prices also increased during Thursday’s trading.
Here is a summary of the development of major currencies for February 9th:
Forex Market:
The Euros to US Dollar rose by 0.19% at 1.3285; during the month, the EUROS/USD rose by 1.54%. Australian Dollar to US Dollar decreased by 0.13% to 1.0785.
The U.S dollar to Canadian dollar slightly rose to 0.9946. During February the USD/CAD exchange rate fell by 0.80%.
The GBP to USD rate remained virtually unchanged as it slightly rose by 0.01% and reach 1.5819; from the beginning of the month the GBP to USD increased by 0.38%.
Finally, the U.S Dollar appreciated against the Yen by 0.82% and reached 77.6666.
Commodities Market:
Gold price slightly rose on Thursday by 0.57% to $1,741.2. During the month, gold price very slightly rose by 0.05%.
WTI oil price also increased by 1.14% and reached $99.84 per barrel; during the month the WTI rose by 1.38%.
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