The euro experienced the second day of losses today as the stress tests failed to convince the investors in the ability of the European banking system to withstand the sovereign-debt crisis.

The Great Britain pound dropped today below the $1.50 threshold for the first time from the beginning of this month amid the signs that Britain’s economy falters.

The U.S. dollar posted gains against the Great Britain pound and the Japanese yen this week, on the other hand, the greenback fell versus the euro, extending its losses for the second week.

The Australian dollar rose against the euro and fluctuated versus the Japanese yen on the speculation that the global economic recovery gains momentum, attracting the investors to the higher-yielding currencies; the moves against the U.S. dollar currently ended with losses for the Aussie.

The Canadian dollar gained for the fourth straight day against its U.S. counterpart and strengthened versus the euro today after the labor market posted the very positive set of results.

The South African rand extended its gains against the U.S. dollar for the fourth consecutive day as the speculation that the global economic recovery is gaining momentum encourages the investors to purchase the higher-yielding assets.

The South Korean won rose today after the central bank increased the interest rates for the first time since the beginning of the global economic recession.

The U.S. dollar strengthened against the Great Britain pound and the Japanese yen, in the same time the greenback weakened versus the euro, as the macroeconomic indicators posted the mixed set of results today.

The euro rose today to $1.27 for the first time since May 12th and gained versus the Japanese yen after the International Monetary Fund and the ECB President Jean-Claude Trichet said that the global economic growth accelerates.

The Great Britain pound fell today against the U.S. dollar and some other major currencies as the macroeconomic indicators spurred the concern that the budget cuts would hurt the Britain’s economy.