Euro/USD Traded Up on Monday –Daily Recap May 21

The Euro/USD continued its slow paced recovery and rose for the second consecutive business day. The recent talks during the weekend in the G8 meeting over the European debt crisis including the future of Greece in the EU may have been among the factors pulling up the Euro. Furthermore, the Aussie dollar and other currencies such as the GBP also appreciated against the USD. The safe haven currency CHF also slightly appreciated against the U.S dollar. Gold and silver prices declined on Monday; finally, crude oil price (WTI) increased yesterday.

Here is a summary of the changes of major currencies for May 21st:

Forex Market:

The Euros to US Dollar rose by 0.27% to 1.2817; during the month, the EUROS/USD declined by 3.19%. Australian Dollar to US Dollar also increased by 0.72% to 0.9916.

The U.S dollar to Canadian dollar decreased by 0.47% to 1.018. During the month so far the USD/CAD exchange rate rose by 3.07%.

The GBP to USD also edged up by 0.11% to 1.5836; from the beginning of the month the GBP to USD decreased by 2.45%.

Finally, the U.S Dollar/ Yen increased by 0.37% to 79.31. 

Commodities Market:

Gold price edged down on Monday by $3.2 to $1,588.7. During the month, gold price declined by 4.54%.

WTI oil price rose by 1.19% and reached $92.57 per barrel; during the month so far the WTI decreased by 11.73%.

A Summary of the Changes in Exchange Rates for May 21st:

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

Exchange Rate Forex 2012 EURO USD May 21

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