The euro’s recovery proved to be short-lived as was signaled by the euro’s decline today against U.S. dollar and other most traded currencies; the speculation suggests that that the central bank will keep the interest rates at the current record low level, causing concern for the performance of the common European currency.

The U.S. dollar advanced today against the euro, resuming its previous trend after retreating against the common European currency on announcement of the loan package by the EU governments, which failed to alleviate the concern about the future of the European economy.

The Australian dollar rose today against its U.S. counterpart and some other majors after the European policy makers announced their plans to spend almost $1 trillion on the debt purchases to aid the debt-laden European countries, resulting in the increasing attractiveness of the riskier assets.

The Canadian dollar gained today after crude oil prices went up and the European policy makers came out with the loan package for the indebted countries of the region, improving the investors’ confidence and making them more willing to risk.

The euro strengthened today after European Union’s policy makers announced their plans about the rescues package to help the indebted countries in the region.

The Great Britain pound rose today against some of its most trading counterparts as the declining number of jobless claims, the improving consumer confidence and the increasing number of home-loan approvals suggested that the U.K. economy is stronger than European Union’s economy.

The U.S. dollar was steadily rising this week against most other major currencies boosted by the concern about Greece’s fiscal crisis, while the good fundamentals showed that U.S. economy is expanding, though by the end of the week the greenback posted a slight drop.

The Canadian dollar strengthened today on the speculation that the borrowing costs may be increased by the central bank after the employment significantly increased the last month, though the renewed hopes about the favorable outcome of the European debt troubles helped the euro to outperform the Canadian currency.

The Australian dollar gained against most other major currencies, including its U.S. counterpart and excluding the euro, on the speculation that the Group of Seven nations will take measures to contain the spread of the Greece’s debt crisis.

The Great Britain pound tumbled today as the Parliamentary election hasn’t showed the clear winner, confirming expectations of the hung parliament and spurring fears that the new government won’t be able to deal with the budget deficit.