Euro/USD Tumbled Down on Wednesday –Daily Recap May 30

The Euro/USD continued to decline and yesterday this exchange rate took another hit and fell by over 1%. Furthermore, the Aussie dollar and several other currencies such as the GBP also tumbled down against the USD. The safe haven exchange rate Yen appreciated against the U.S dollar. Gold and silver prices changed direction again and rose on Wednesday; finally, oil price (WTI) plunged as well to its lowest level since October 2011.

Here is a summary of the changes of major currencies for May 30th:

Forex Market:

The Euros to US Dollar tumbled down by 1.09% to 1.2367 – the lowest level in over two years; during the month, the EUROS/USD plummeted by 6.59%. Furthermore, the Australian Dollar to US Dollar also took a hit and fell by 1.45% to 0.9705.

The U.S dollar to Canadian dollar rose by 0.79% to 1.03. During the month so far the USD/CAD exchange rate increased by 4.36%.

The GBP to USD also plunged by 1.04% to 1.5479; from the beginning of the month the GBP to USD decreased by 4.65%.

Finally, the U.S Dollar/ Yen fell by 0.52% to 79.08.

Commodities Market:

Gold price changed direction and rose on Wednesday by $14.7 to $1,565. During the month, gold price declined by 5.92%.

WTI oil price also plunged by 3.24% and reached $87.82 per barrel; during the month so far the WTI fell by 16.26%.

A Summary of the Changes in Exchange Rates for May 30th:

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

Exchange Rate Forex 2012 EURO USD May 30

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