Euro/USD Edged Down on Monday –Daily Recap April 2

The Euro/USD continued to dwindle yesterday and only slightly declined. The news of the slight rise in EU rate of unemployment to 10.8% may have helped pull down the Euro/USD exchange rate. Today’s U.S factory orders report and the minutes of the last FOMC meeting might affect the direction of many exchange rates if they will come up with big headlines. During yesterday trading many currencies appreciated against the U.S dollar including the Aussie dollar and Canadian dollar. Gold and Silver also traded up on Monday; finally, crude oil price (WTI) sharply rose yesterday.

Here is a summary of the development of major currencies for April 2nd:

Forex Market:

The Euros to US Dollar slipped by 0.18% to 1.332; during the month, the EUROS/USD edged up by 0.14%. Australian Dollar to US Dollar on the other hand rose by 0.73% to 1.0419.

The U.S dollar to Canadian dollar declined to 0.991. During March the USD/CAD exchange rate increased by 1.04%.

The GBP to USD edged up by 0.2% to 1.6024; from the beginning of the month the GBP to USD rose by 0.50%.

Finally, the U.S Dollar/ Yen trade down by 0.97% to 82.07. 

Commodities Market:

Gold price rose on Monday by 0.47% to $1,679.7. During March, gold price decreased by 2.3%.

WTI oil price also increased by 2.15% and reached $105.23 per barrel; during the month the WTI fell by 3.78%.

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 April 2

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