Euro/USD Continued its Descent on Monday –Daily Recap May 14

The Euro/USD continued their downward trend and as it declined during most of the month so far. The recent news of the rise in Germany’s GDP by 0.5% in the first quarter of 2012 may positively affect the Euro during today’s trading. Furthermore, the Canadian dollar and other currencies such as the Aussie dollar also fell against the USD. On the other hand the safe haven currency CHF appreciated again against the U.S dollar. Gold and silver prices also decreased on Monday; finally, crude oil price (WTI) also fell yesterday.

Here is a summary of the development of major currencies for May 14th:

Forex Market:

The Euros to US Dollar fell by 0.73% to 1.2823; during the month, the EUROS/USD decreased by 3.14% Australian Dollar to US Dollar also declined by 0.61% to 0.9958.

The U.S dollar to Canadian dollar increased by 0.31% to 1.004. During the month so far the USD/CAD exchange rate rose by 1.68%.

The GBP to USD on the other hand increased by 0.13% to 1.6092; from the beginning of the month the GBP to USD decreased by 0.87%.

Finally, the U.S Dollar/ Yen traded down by 0.11% to 79.85. 

Commodities Market:

Gold price also fell on Monday by 1.45% to $1,561.0. During the month, gold price decreased by 6.2%.

WTI oil price also decreased by 1.4% and reached $94.78 per barrel; during the month so far the WTI decreased by 9.62%.

A Summary of the Changes in Exchange Rates for May 14th:

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

Exchange Rate Forex 2012 EURO USD May 14

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