Euro/USD Continued to Decline on Tuesday –Daily Recap May 29

The Euro/USD continued its descent during yesterday’s trading. Furthermore, the Aussie dollar and several other currencies such as the GBP also slipped against the USD. The safe haven exchange rates such as CHF and Yen also depreciated against the U.S dollar. Gold and silver prices changed direction again and decreased on Tuesday; finally, oil price (WTI) edged up during yesterday.

Here is a summary of the developments of major currencies for May 29th:

Forex Market:

The Euros to US Dollar declined again by 0.31% to 1.2503; during the month, the EUROS/USD fell by 5.56%. Furthermore, the Australian Dollar to US Dollar also edged down by 0.05% to 0.9848.

The U.S dollar to Canadian dollar slipped by 0.17% to 1.022. During the month so far the USD/CAD exchange rate rose by 3.54%.

The GBP to USD also declined by 0.27% to 1.5641; from the beginning of the month the GBP to USD decreased by 3.65%.

Finally, the U.S Dollar/ Yen increased by 0.03% to 79.49. 

Commodities Market:

Gold price changed direction and fell on Tuesday by $20.2to $1,551. During the month, gold price declined by 6.8%.

WTI oil price edged up by 0.11% and reached $90.76 per barrel; during the month so far the WTI fell by 13.45%.

A Summary of the Changes in Exchange Rates for May 29th:

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

Exchange Rate Forex 2012 EURO USD May 29

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