The Canadian dollar strengthened today, extending its rally against the U.S. dollar for a third day, as the equities rebounded, improving the risk sentiment and increasing the appeal of the currencies tied to growth.

The Japanese yen strengthened today against most other major currencies, including the U.S. dollar and the euro, as the concerns about the outcome of the European sovereign-debt crisis and the struggling U.S. economic recovery.

The euro headed down today amid the speculation that the European Union and the International Monetary Fund prepared the bailout for Spain, fueling the concerns that the European sovereign-debt crisis threatens to contaminate European countries.

The Russian ruble gained today, reaching the highest level in more than a week against the U.S. dollar, after the prices for crude oil, the main source of the nation’s export revenue, rose.

The euro pared its losses and extended the rally against the U.S. dollar and the Japanese yen as the global stock markets showed the good performance, spurring the appetite for the risk.

The Canadian dollar rose today, erasing the previous losses against the U.S. dollar and the Japanese yen, on the speculations that the central bank will raise the interest rates and after the equities and crude oil gained.

The Indian rupee went down today after Moody’s Investors Service reduced Greece’s credit rating, refueling the concerns that the problems in Europe will slow the global economic recovery.

The euro halted its rally against the U.S. dollar and the Japanese yen today as the fears that the European debt crisis will spread resurfaced after Moody’s Investors Service reduced Greece’s credit rating.

The New Zealand dollar extended its rally today, making Alan Bollard, the governor of the Reserve Bank of New Zealand, unhappy as he worries that the strong currency impedes the economic recovery.

The Great Pound strengthened today, erasing its losses against the U.S. dollar and the Japanese yen, amid the speculations that the central bank will raise the interest rates after forecasts promised that the economic growth would accelerate and the budget deficit would be decreased.