Euro/USD Edged up on Monday–Daily Recap July 16

The Euro/USD started off the week with little movement as it slightly rose on Monday. The U.S retail sales report cane out yesterday and showed a moderate decline in the retail sales in June.  Further, the Aussie dollar and several other currencies such as the GB Pound also appreciated against the USD. The safe haven exchange rate Yen and CHF also appreciated again against the U.S dollar. Gold and silver prices edged down on Monday; finally, oil price (WTI) also sharply fell yesterday.

Here is a summary of the changes of major currencies for July 16th:

Forex Market:

The Euros to US Dollar edged up by 0.18% to 1.2271; during the month, the EURO/USD declined by 3.12%. Further, the Australian Dollar to US Dollar also increased by 0.22% to 1.0249.

The U.S dollar to Canadian dollar rose by 0.09% to 1.015. During the month so far the USD/CAD exchange rate decreased by 0.17%.

The GBP to USD rose by 0.39% to 1.5636; from the beginning of the month the GBP to USD decreased by 0.45%.

Finally, the U.S Dollar/ Yen fell by 0.43% to 78.86.

Commodities Market:

Gold price edged down on Monday by $0.4 to $1,591.6. During the month, gold price decreased by 0.79%.

WTI oil price increased by 1.53% and reached $88.43 per barrel; during the month so far the WTI rose by 4.08%.

A Summary of the Changes in Exchange Rates for July 16th:

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

For further reading:

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