The Japanese yen extended its losses today as the European and Asian equities rose, supporting the positive outlook for the global growth and decreasing the demand for the safe currencies.

Today was the second day of gains against the U.S. currency for the Canadian dollar, as the rebound of the stocks and the rising prices for crude oil increased the attractiveness of the growth-linked currencies.

The U.S. dollar dropped today against some currencies as the gains of the global stocks and the increasing commodity prices brightened the outlook for the global growth, while the prospect for the growth of the U.S. economy remains less optimistic, damping the appeal of the U.S. currency as the safe haven; the euro performed even worse than greenback, though, falling against the dollar.

The Great Britain pound weakened today as the shop prices rose in June less than in may, adding to the concern that the budget cuts would slow the economic growth.

The Japanese yen gained today as the renewed concerns for the global economic recovery draws the investors to the relative safety of the Japanese currency.

The Canadian dollar rose today against its U.S. counterpart and some other currencies as the growth of the global stocks and the advance of the commodities increased the attractiveness of the growth-related currencies.

The U.S. dollar weakened today as the concern for the U.S. economic recovery and gains of the global stocks decreased the appeal of the greenback as the safe currency.

The euro rose today as the equities gained, increasing the willingness to risk among the investors and improving the general sentiment on the markets.

The Australian dollar gained today after the Reserve Bank of Australia kept the interest rates unchanged and the report showed that the nation’s trade surplus grew.

The euro halted its three-day rally today on the prospect that the European Central Bank would keep the interest rates at the current low level in the effort to reduce the negative impact of the budget deficits on the region’s economy.