Euro/USD Sharply Rose on Wednesday –Daily Recap June 6

The Euro/USD hiked yesterday after it had dwindled during the last few days. Furthermore, the Aussie dollar and many other currencies such as the Canadian dollar also sharply appreciated against the USD. The positive Australian GDP report and the decision of ECB to keep the interest rate unchanged may have contributed to this recovery. The safe haven exchange rate CHF also appreciated against the U.S dollar. Gold and silver prices sharply rose on Wednesday; finally, oil price (WTI) also increased yesterday.

Here is a summary of the changes of major currencies for June 6th:

Forex Market:

The Euros to US Dollar rose again by 1.03% to 1.2581; during the month, the EURO/USD rose by 1.74%. On the other hand, the Australian Dollar to US Dollar hiked by 1.9% to 0.9927.

The U.S dollar to Canadian dollar tumbled down by 1.02% to 1.028. During the month so far the USD/CAD exchange rate decreased by 0.50%.

The GBP to USD also rose by 0.73% to 1.5496; from the beginning of the month the GBP to USD increased by 0.58%.

Finally, the U.S Dollar/ Yen rose by 0.56% to 79.19. 

Commodities Market:

Gold price sharply rose on Wednesday by $17.3 to $1,634.2. During the month, gold price increased by 4.48%.

WTI oil price also increased by 0.87% and reached $85.02 per barrel; during the month so far the WTI fell by 1.75%.

A Summary of the Changes in Exchange Rates for June 6th:

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

Exchange Rate Forex 2012 EURO USD June 6

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