Euro/USD Edged Down on Tuesday –Daily Recap June 5

The Euro/USD continued to dwindle and yesterday this currency pair edged down. Alternatively, the Aussie dollar and several other currencies such as the Canadian dollar slightly appreciated against the USD. On the other hand, the safe haven exchange rate CHF and Yen moderately depreciated against the U.S dollar. Gold and silver prices changed direction again and rose on Tuesday; finally, oil price (WTI) increased yesterday.

Here is a summary of the changes of major currencies for June 5th:

Forex Market:

The Euros to US Dollar slipped again by 0.38% to 1.2453; during the month, the EURO/USD rose by 0.7%. On the other hand, the Australian Dollar to US Dollar rose by 0.14% to 0.9742.

The U.S dollar to Canadian dollar declined by 0.11% to 1.038. During the month so far the USD/CAD exchange rate increased by 0.52%.

The GBP to USD also edged down by 0.01% to 1.5383; from the beginning of the month the GBP to USD decreased by 0.15%.

Finally, the U.S Dollar/ Yen increased by 0.51% to 78.75.

Commodities Market:

Gold price changed direction and rose on Tuesday by $3 to $1,616.9. During the month, gold price increased by 3.37%.

WTI oil price also increased by 0.37% and reached $84.29 per barrel; during the month so far the WTI fell by 2.59%.

A Summary of the Changes in Exchange Rates for June 5th:

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

Exchange Rate Forex 2012 EURO USD June 5

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