Euro/USD Started the Week Rising –Daily Recap March 26

The Euro/USD rose again for the second straight business day; yesterday the Euro edged up against the US dollar following the speech of the Chairman of the Fed about the U.S labor market. This speech rekindled the speculation about whether there will be another QE plan this year. Furthermore, many other currencies also appreciated against the U.S dollar including the Aussie dollar and CHF. Gold and Silver also traded sharply up on Monday; finally, crude oil price (WTI) rose yesterday.

Here is a summary of the development of major currencies for March 26th:

Forex Market:

The Euros to US Dollar increased by 0.67% to 1.3359; during the month, the EUROS/USD edged up by 0.26%. Australian Dollar to US Dollar also rose by 0.68% to 1.0534.

The U.S dollar to Canadian dollar slipped to 0.991. During March the USD/CAD exchange rate edged up by 0.24%.

The GBP to USD increased by 0.61% to 1.5971; from the beginning of the month the GBP to USD rose by 0.36%.

Finally, the U.S Dollar/ Yen trade up by 0.58% to 82.83. 

Commodities Market:

Gold price sharply rose on Friday by 1.48% to $1,688.2. During March, gold price decreased by 1.35%.

WTI oil price also rose by 0.53% and reached $107.03 per barrel; during the month the WTI remained nearly flat.

A Summary of the Changes in Exchange Rates:

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

Exchange Rate Forex 2012 EURO USD March 26

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