After a rally that set the greenback to the highest level in 2010 versus the euro last week, the dollar started this Monday’s session losing versus important worldwide currencies, as risk appetite brought investors to purchase assets in higher-yielding markets.

The Canadian dollar dropped versus 9 of most traded currencies this week on concern among speculators that its rally won’t last.

The U.S. currency is heading to post the highest quarterly gains versus the euro as raising budget deficits among Eurozone members is producing a capital exodus from the region towards safer markets overseas, affecting also risk driven markets negatively.

The euro continued to drop today versus its main trading partners currencies and is going to post another weekly decline as concerns regarding the region’s growing budget deficit are still far from a solution, raising aversion towards assets in the region.

The euro declined versus all of the 16 main traded currencies this Wednesday as Portugal started to raise concerns strongly, after an important financial agency cut its credit rating for the first time, showing that hard times are still to come for the Eurozone.

The Canadian dollar advanced for the first time this week this Tuesday, as markets with strong correlation with the loonie provided support for the currency to gain specially versus its U.S. counterpart, but as well as important currencies globally.

The European single currency declined sharply in a day of strong volatility this Thursday as neither Greek officials nor ECB officials have found a solution to solve Greece’s budget deficit’s issues, in a drama that have been lasting more than traders in the region could expect.

The U.S. dollar together with the Japanese yen were the top performers in currency markets before the end of this week’s trading session as multiple events worldwide set risk aversion to higher levels, as the news released today indicated negative surprises for financial markets’ investors.

The pound lost today versus multiple important currencies as both the domestic and the international market scenarios were rather pessimist before the end of this week’s session, setting the pound to plunge once again paring the advances earned during the middle of the week.

The pessimism returned to financial markets today as European economic problems made the headlines once again in most financial websites this Thursday. Markets that influence the loonie, as the crude oil and other raw materials slid, affecting also the loonie’s advance.