Euro/USD Fell on Monday before EU Summit –Daily Recap June 25

The Euro/USD changed direction yesterday and declined in anticipation for the upcoming EU Summit that will revolve around the EU debt crisis. Furthermore, the Aussie dollar and many other currencies such as the GB Pound also depreciated against the USD. The safe haven exchange rate Yen appreciated against the U.S dollar. Gold and silver prices bounced back on Monday; finally, oil price (WTI) fell yesterday.

Here is a summary of the changes of major currencies for June 25th:

Forex Market:

The Euros to US Dollar declined by 0.53% to 1.2504; during the month, the EURO/USD rose by 1.12%. Further, the Australian Dollar to US Dollar also decreased by 0.53% to 1.0011.

The U.S dollar to Canadian dollar rose by 0.45% to 1.029. During the month so far the USD/CAD exchange rate decreased by 0.34%.

The GBP to USD slipped by 0.09% to 1.5574; from the beginning of the month the GBP to USD increased by 1.09%.

Finally, the U.S Dollar/ Yen fell by 0.94% to 79.67.

Commodities Market:

Gold price hiked on Monday by $21.5 to $1,588.4. During the month, gold price increased by 1.55%.

WTI oil price fell by 0.44% and reached $79.01 per barrel; during the month so far the WTI declined by 8.69%.

A Summary of the Changes in Exchange Rates for June 25th:

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

For further reading:

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