Major commodities remained unchanged no account of the U.S holiday but major currencies were traded in a mixed trend and low volatility on the first business day of the week: the Euro against the USD edged down; the British pound also traded down against the USD; the Japanese yen was traded up against the USD. The recent decision of BOJ to raise its inflation target and have an open ended asset purchase program that will commence at the beginning of 2014 seem to have pulled down the yen/USD.
Here is a summary of the daily developments of precious metals and energy commodities for January 21st, 2013:
The Euros to US Dollar declined by 0.06% to 1.3313; during the month, the EURO/USD rose by 0.91%. On the other hand, the Australian Dollar to US Dollar increased by 0.07% to 1.0517.
The U.S dollar to Canadian dollar rose by 0.12% to 0.9929. During the month so far the USD/CAD exchange rate increased by 0.08%.
The GBP to USD edged down by 0.25% to 1.583; from the beginning of the month the GBP to USD decreased by 2.61%.
Finally, the U.S Dollar/ Yen fell by 0.55% to 89.6. During the month, however, the yen depreciated against the USD by nearly 3.3%.
A Summary for January 21st:
The table below includes: closing prices, daily percent changes, and daily changes:
For further reading: