Euro/USD Continued to Fall on Friday–Daily Recap March 2

The Euro continued its descent against the US dollar as it finished Friday’s trading falling; furthermore, many other currencies also depreciated against the U.S dollar including Aussie dollar and Yen. Silver and gold prices declined; crude oil price also sharply decreased in Friday.

Here is a summary of the development of major currencies for March 2nd:

Forex Market:

The Euros to US Dollar decreased by 0.85% at 1.3198; during the week, the EUROS/USD fell by 1.9%. Australian Dollar to US Dollar also decreased by 0.70% to 1.0733.

The U.S dollar to Canadian dollar rose to 0.9893. During the week the USD/CAD exchange rate fell by 1%.

The GBP to USD edged down by 0.77% to 1.5834; from the beginning of the week the GBP to USD declined by 0.3%.

Finally, the U.S Dollar/ Yen rose by 0.85% to 81.81. 

Commodities Market:

Silver price sharply fell on Friday by 3.19% to $34.53. During last week, silver price decreased by 2.5%.

WTI oil price also sharply decreased by 1.97% and reached $106.70 per barrel; during the week the WTI slipped by 2.5%.

A Summary of the Changes in Exchange Rates:

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

Exchange Rate Forex 2012 EURO USD March 2

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