The euro halted its downfall this week, which was caused by the concern about the Greece’s ability to deal with its budget deficit, amid the optimism caused by the announcement about the possible European Union government and the International Monetary Fund intervention to rescue Greece, but this optimistic outlook can be cut shot by the German resistance to the bailout plan.

The Brazilian real strengthened against the U.S. dollar today as the rising commodity prices make better prospect for the exports and because the growing global supplies allows the traders to take more risk while seeking for better deals.

The euro advanced for the second straight day versus the U.S. dollar and the Japanese yen, supported by the announcement of the European Union officials that they are ready to aid Greece if necessary and also on outlook that Greece will get the international bailout to avoid the budget default, probably by the end of this week.

The U.S. dollar declined against the euro after the concern about Greece’s budget deficit has eased, but in the same time the U.S. currency gained versus the Japanese yen and may be further bolstered by the signs of the increasing consumer demand, signaling about the recovering economy and the rising consumer purchasing capability.

The New Zealand’s dollar advanced versus its U.S. counterpart for the second straight day as the nation’s interest-rate advantage over the U.S. reached its highest level since 2008 after the central bank raised its benchmark rate on April 6th.

The Great Britain pound rebounded against the U.S. dollar and the Japanese yen on the signs that the factory production in the U.K. surged in February by twice as much as the analysts predicted, to the highest since 2008, as the recent declines of the pound were helping the economy to recover.

The Canadian dollar fell versus its U.S. counterpart after it have reached parity for the first time since July 2008 for a second straight day after the report that the Bank of Canada revealed its plans to increase the interest rate with a faster pace, but then erased its loses and is heading to parity again at present time.

The rand dropped today for the third straight day as the speculation that the World Bank won’t grant the loan for Eskom Holdings Ltd., which would be used to fund the construction of the coal-fired Medupi plant, arose concern for economic expansion of the region and doubts about the capital inflows, but after its fall the currency rebounded.

The Chinese yuan gained on the prospect that the central bank will stop keeping the currency at current rate, removing the a 21-month-old peg, and allow it to appreciate, attempting to keep the inflation under control and also to make imports cheaper.

The Indian rupee fell as importers, particularly the nation’s refiners, increased the buying of the U.S. dollar to pay for increasingly costlier overseas purchases, utilizing the U.S. currency’s strength.