The Singapore dollar experienced the unexpected surge as the government revaluated the currency after the forecast about the widening economy and the increasing inflation.

The Japanese yen dropped to the lowest level in the week against the euro on the speculation that the continuing economic rebound will spur demand for the higher-yielding assets.

The U.S. dollar is approaching parity with its Canadian counterpart and is declining against the Japanese yen as the currency is sapped of its strength after the trade balance deficit has increased more than predicted, reducing the appeal of the greenback to the investors.

The Chinese yuan may gradually rise as the China’s government is likely to let the nation’s currency to appreciate in order to fight the inflation, but the sharp increase because of the foreign pressure isn’t expected.

The Polish zloty’s appreciation may be restrained as the new head of the central bank will likely to continue the previous governor’s policy of curbing the gains in the nation’s currency.

The Brazilian real may go up as the central bank is going to increase the interest rates in an attempt to help the economy by attracting the foreign investors, which are seeking the higher yields.

The Canadian dollar pared its previous losses and resumed its rally to parity with its U.S. counterpart today after the business survey, performed by the Bank of Canada, signaled that the nation’s economy rebounds with the increasingly faster pace.

The Great Britain pound’s strength was curbed by the speculation that that the U.K. will be the next target for the concerns about the major budget deficit as the worries about the Greek budget are retreating because the Greece’s crisis appears to be resolved.

The Australian dollar sank versus its U.S. counterpart, erasing the previous gains and dropping from the highest level since November 2009, after the government report suggested that the conditions on the housing market may be worsening.

The value of the Japanese currency may drop as low as 100 yen per U.S. dollar or even more on the speculation that the unexpectedly high pace of the U.S. economic recovery may encourage the Federal Reserve to increase the interest rates faster than the Bank of Japan.