Euro/USD Declined on Tuesday–Daily Recap July 10

The Euro/USD continued to trade down as it ended up declining yesterday. Today’s minutes of FOMC meeting and American trade balance may affect forex and commodities markets. The Euro/USD declined in the past four out of five days. Further, the Aussie dollar and many other currencies such as the GB Pound and CAD also depreciated against the USD. The safe haven exchange rate Yen slightly appreciated again against the U.S dollar. Gold and silver prices declined on Tuesday; finally, oil price (WTI) also sharply fell yesterday.

Here is a summary of the changes of major currencies for July 10th:

Forex Market:

The Euros to US Dollar declined by 0.51% to 1.225; during the month, the EURO/USD declined by 3.28%. Further, the Australian Dollar to US Dollar also decreased by 0.17% to 1.0191.

The U.S dollar to Canadian dollar rose by 0.32% to 1.023. During the month so far the USD/CAD exchange rate increased by 0.59%.

The GBP to USD edged down by 0.06% to 1.5519; from the beginning of the month the GBP to USD decreased by 1.2%.

Finally, the U.S Dollar/ Yen fell by 0.45% to 79.43.

Commodities Market:

Gold price fell on Tuesday by $9.3to $1,579.8. During the month, gold price decreased by 1.52%.

WTI oil price decreased by 2.42% and reached $83.91 per barrel; during the month so far the WTI fell by 1.24%.

A Summary of the Changes in Exchange Rates for July 10th:

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

Exchange Rate Forex 2012 EURO USD July 10

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