Euro/USD Edged Down on Wednesday –Daily Recap May 16

The Euro/USD continued its slow-paced fall and edged down again during yesterday’s trading.  The recent news from Greece is that the new elections will be held on June 17th. The U.S housing starts rose by 2.6% during April 2012. Furthermore, the Canadian dollar and other currencies such as the AUD also depreciated against the USD. The safe haven currencies JPY and CHF also slightly depreciated against the U.S dollar. Gold and silver prices tumbled down again on Wednesday; finally, crude oil price (WTI) also decreased yesterday.

Here is a summary of the changes of major currencies for May 16th:

Forex Market:

The Euros to US Dollar slipped by 0.1% to 1.2716; during the month, the EUROS/USD decreased by 3.95% Australian Dollar to US Dollar also declined by 0.23% to 0.9914.

The U.S dollar to Canadian dollar rose by 0.51% to 1.012. During the month so far the USD/CAD exchange rate rose by 2.54%.

The GBP to USD also decreased by 0.53% to 1.5910; from the beginning of the month the GBP to USD decreased by 2%.

Finally, the U.S Dollar/ Yen edged up by 0.17% to 80.33. 

Commodities Market:

Gold price also tumbled down on Wednesday by 1.32% to $1,536.6. During the month, gold price fell by 7.67%.

WTI oil price also decreased by 1.24% and reached $92.81 per barrel; during the month so far the WTI decreased by 11.5%.

A Summary of the Changes in Exchange Rates for May 16th:

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

Exchange Rate Forex 2012 EURO USD May 16

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