Euro/USD Declined Again on Wednesday –Daily Recap May 23

The Euro/USD continued its downward trend and tumbled down during yesterday’s trading. The recent EU Summit didn’t help rally the Euro. Furthermore, the Aussie dollar and other currencies such as the GBP also depreciated against the USD. The safe haven currency Yen appreciated against the U.S dollar. Gold and silver prices fell again on Wednesday; finally, crude oil price (WTI) tumbled down again during yesterday.

Here is a summary of the developments of major currencies for May 23rd:

Forex Market:

The Euros to US Dollar declined by 0.79% to 1.2584; during the month, the EUROS/USD decreased by 4.95%. Australian Dollar to US Dollar also fell by 0.64% to 0.9746.

The U.S dollar to Canadian dollar increased by 0.44% to 1.025. During the month so far the USD/CAD exchange rate rose by 3.84%.

The GBP to USD also fell by 0.43% to 1.5692; from the beginning of the month the GBP to USD decreased by 3.34%.

Finally, the U.S Dollar/ Yen fell by 0.6% to 79.48.

Commodities Market:

Gold price fell again on Wednesday by $28.2 to $1,548.4. During the month, gold price declined by 6.96%.

WTI oil price also declined by 2.25% and reached $89.6 per barrel; during the month so far the WTI decreased by 14.56%.

A Summary of the Changes in Exchange Rates for May 23rd:

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

Exchange Rate Forex 2012 EURO USD May 23

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