The euro strengthened today against the U.S. dollar and the Japanese yen as the report was released, showing that the industrial production grew in the European Union.

The Japanese yen fell for the third day against the U.S. dollar and the euro amid the speculation that the global economy recovers with the accelerating pace, reducing the demand for the yen as the safe currency.

This was not bad week for the euro as the currency rose against some other majors, though the European currency is far from doing well as many other most-traded currencies outperformed it.

The Canadian dollar halted its four-day rally today after the report that the retail sales in the U.S. fell unexpectedly caused concern about the global economy and weakened the currencies tied to growth.

The U.S. dollar rose against other major currencies today after the report showed the decrease of the retail sales, causing the doubt whether the global economic recovery would keep its pace.

The Great Britain pound weakened today after the set of unfavorable reports was released, causing concern that the budget cuts, planned in order to fight the budget deficit, would have negative impact on Britain’s struggling economy.

The euro extended its rally today as the concerns that the troubles in Europe would slow the global economic recovery eased and the risk sentiment among the investors improved.

The Australian dollar strengthened today as the report showed the improving conditions on the jobs market and as China’s exports surged.

The euro rose against the U.S. dollar and the Japanese yen as the expanding Asian economies suggested that the global economic recovery wouldn’t be slowed by the troubles in Europe, boosting the stocks and easing the volatility on the global markets.

The New Zealand dollar rose today after the central bank increased the interest rates, hinting that it’s more concerned with the inflation that with the appreciation of the nation currency.