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General decline in currency rates in light of economic inconsistencies – 01-05-2020

News Date: 1/5/2020 03:06:02
 

In addition to the Corona crisis that the world experienced during the first quarter of the year, the prices of many currencies declined following the issuance of conflicting government economic decisions in each country, and these decisions singled out both the gross domestic product and the GDP per capita, the industrial output, and the rate of consumption, and these decisions came To lift the restrictions on its citizens and to gradually open its economies again.

The US dollar remained in place despite all these inconsistencies, as :

1 Japanese yen = $ 0.0093

1 Australian dollar = 0.65 USD

1 Canadian dollar = $ 0.71

 

In contrast, the US dollar index fell against a number of major currencies, So that :

 1 Swiss franc = $ 1.04

1 EUR = 1.10 USD

 1 £ = 1.26 USD

 

With the beginning of the month of May, the price of gold futures contracts for May decreased by 0.07%, after gold ended yesterday’s trading by 1687,98, while the price has now decreased to 1683.10, also the price of silver futures contracts for the current month decreased by 2.2 %, To 14,811 after it ended yesterday’s trading by 14,943, and it achieved its highest opening levels at 15,079.

As for crude oil futures contracts, they recovered, as Brent crude futures that will be delivered next June increased by 0.15%, to trade at $ 26.99 per barrel, while Nymex crude futures rose, which in turn will be delivered next June by 3.26%. %, To trade at $ 19.66 a barrel.

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