Euro/USD Continued to Trade Down on Thursday –Daily Recap May 24

The Euro/USD continued to trade down during yesterday’s trading.. Furthermore, the Canadian dollar and several other currencies such as the GBP also declined 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 and increased on Thursday; finally, crude oil price (WTI) also bounced back d during yesterday.

Here is a summary of the developments of major currencies for May 24th:

Forex Market:

The Euros to US Dollar fell by 0.41% to 1.2533; during the month, the EUROS/USD decreased by 5.33%. Alternatively, the Australian Dollar to US Dollar rose by 0.17% to 0.9763.

The U.S dollar to Canadian dollar edged up by 0.19% to 1.027. During the month so far the USD/CAD exchange rate rose by 4.03%.

The GBP to USD also declined by 0.14% to 1.567; from the beginning of the month the GBP to USD decreased by 3.47%.

Finally, the U.S Dollar/ Yen increased by 0.15% to 79.6.

Commodities Market:

Gold price changed direction and rose on Thursday by $11.4 to $1,559.8. During the month, gold price declined by 6.27%.

WTI oil price also increased by 0.9% and reached $90.41 per barrel; during the month so far the WTI decreased by 13.79%.

A Summary of the Changes in Exchange Rates for May 24th:

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

Exchange Rate Forex 2012 EURO USD May 24

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