The Euro changed direction and after it had declined against the US dollar during the past three business days, the Euro ended yesterday’s trading  rising; on the other hand, several other currencies depreciated against the U.S dollar including Aussie dollar and Canadian dollar. Silver and gold prices sharply declined again; crude oil price remained virtually unchanged.

Here is a summary of the development of major currencies for March 5^th:

Forex Market:

The Euros to US Dollar slightly rose by 0.14% at 1.3217; during the month, the EUROS/USD fell by 0.81%. Australian Dollar to US Dollar on the other hand decreased by 0.58% to 1.0671.

The U.S dollar to Canadian dollar rose to 0.9946. During March the USD/CAD exchange rate rose by 0.65%.

The GBP to USD edged up by 0.20% to 1.5866; from the beginning of the month the GBP to USD decreased by 0.3%.

Finally, the U.S Dollar/ Yen fell by 0.32% to 81.55. 

Commodities Market:

Silver price sharply declined again on Monday by 2.4% to $33.70. During March, silver price decreased by 0.43%.

WTI oil price on the other hand slightly increased by 0.02% and reached $106.72 per barrel; during the month the WTI slipped by 0.33%.

A Summary of the Changes in Exchange Rates:

The table below includes: closing prices, daily percent change, and daily changes:

For further reading:

• Weekly Outlook for March 5-9
• Gold and Silver Prices Weekly Outlook for March 5-9
• Gold and Silver Prices Outlook for March 2012