Euro/USD Tumbled Down on Tuesday –Daily Recap May 22

The Euro/USD changed direction and after two business days in which this currency pair had increased, yesterday the exchange rate took a dive. Today’s talks about in the EU Summit regarding the future of Greece in the EU may affect the path of the Euro during today’s trading. Furthermore, the Aussie dollar and other exchange rates such as the CAD also depreciated against the USD. The safe haven currencies CHF and Yen also depreciated against the U.S dollar. Gold and silver prices decreased again on Tuesday; finally, crude oil price (WTI) decreased yesterday.

Here is a summary of the changes of major currencies for May 22nd:

Forex Market:

The Euros to US Dollar tumbled down by 1.04% to 1.2684; during the month, the EUROS/USD declined by 4.19%. Australian Dollar to US Dollar also decreased by 1.08% to 0.9809.

The U.S dollar to Canadian dollar rose by 0.3% to 1.021. During the month so far the USD/CAD exchange rate increased by 3.38%.

The GBP to USD also slipped by 0.48% to 1.576; from the beginning of the month the GBP to USD decreased by 2.92%.

Finally, the U.S Dollar/ Yen increased again by 0.82% to 79.96. 

Commodities Market:

Gold price declined again on Tuesday by $12.1 to $1,576.6. During the month, gold price declined by 5.26%.

WTI oil price also fell by 0.98% and reached $91.66 per barrel; during the month so far the WTI decreased by 12.6%.

A Summary of the Changes in Exchange Rates for May 22nd:

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

Exchange Rate Forex 2012 EURO USD May 22

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