The Euro Changed Direction and Rose against the USD –Recap November 2

The Forex exchange rate market cooled down after the last few days of high volatility. The major currencies slightly inclined against the USD: the Euro/USD exchanged rate slightly rose; the US dollar also depreciated against the AUD and CAD. Major commodities prices also bounced back and rose. Here is a summary of the price movements of major exchange rates for November 2nd:

Forex Market:

The Euros to USD exchange rate slightly inclined by 0.33% to reach 1.3748; during the week, the EUROS/USD declined by 2.8%; the Australian Dollar to US Dollar also rose by 0.17% yesterday and reached 1.035.

The US dollar to Canadian exchange rate fell by 0.67% on Wednesday to 1.0136. During the week the USD/CAD exchange rate declined by 3.3%. The US Dollar depreciated against the CHF by 0.34% yesterday and reached 0.884.

The USD to YEN exchange rate slightly fell by 0.42% to reach 78.047; during the week, the USD to YEN inclined by 2.2%.

Commodities Market:

Gold prices rose yesterday by 1.04% to $1,729.60. During the week, gold prices declined by 1.0%.

WTI spot oil price also inclined by 0.35% and reached $92.51 per barrel; during the week the WTI spot oil price shed 0.9% off its value.

A Summary of Yesterday’s Exchange Rate Forex Changes:

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

 

Exchange Rate Forex euro to us dollar conversion 2011 EURO USD November 2

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