Euro/USD Hiked on Tuesday –Daily Recap June 19

The Euro/USD hiked yesterday as the concerns over the EU debt crisis has subsided following the decline in Spanish bond yields and the results of the recent Greek elections. Today the FOMC will announce its updated monetary policy and outlook for the U.S economy. Furthermore, the Aussie dollar and many other currencies such as the Canadian dollar also appreciated against the USD. The safe haven exchange rates Yen and CHF also appreciated against the U.S dollar. Gold and silver prices edged down on Tuesday; finally, oil price (WTI) rose yesterday.

Here is a summary of the changes of major currencies for June 19th:

Forex Market:

The Euros to US Dollar increased by 0.86% to 1.2685; during the month, the EURO/USD rose by 2.58%. Further, the Australian Dollar to US Dollar also rose by 0.64% to 1.0189.

The U.S dollar to Canadian dollar fell by 0.63% to 1.018. During the month so far the USD/CAD exchange rate decreased by 1.45%.

The GBP to USD also increased by 0.36% to 1.5724; from the beginning of the month the GBP to USD increased by 2.06%.

Finally, the U.S Dollar/ Yen edged down by 0.2% to 78.95.

Commodities Market:

Gold price edged down on Tuesday by $3.8 to $1,623.2. During the month, gold price increased by 3.77%.

WTI oil price rose by 0.91% and reached $84.03 per barrel; during the month so far the WTI fell by 2.89%.

A Summary of the Changes in Exchange Rates for June 19th:

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

Exchange Rate Forex 2012 EURO USD June 19

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