The Polish zloty fell today on the renewed concerns for the Europe’s fiscal condition and the ability to fight the budget deficits. For now the currency tries to regain its strength but encountered the resistance.

The Canadian dollar fell today after the stocks and the crude oil prices declined, erasing the demand for the growth-related currencies, and as the speculation, that the Bank of Canada would refrain from rising the interest rates further, decreased the appeal of the Canadian currency.

The Australian dollar reached today the highest level in two years against its US counterpart as the improving market sentiment and the outlook for the increasing stimulus from the US Federal Reserve boosted the appeal of the riskier currencies.

The euro slipped today against the US dollar and the Japanese yen as the concern that the European banks would require to raise more funds damped demand to the European assets.

The euro rallied last week despite the grim forecasts. This week the currency extended its rally, most notably against the dollar, against which it rose to the highest level since April. The analysts remained largely unconvinced, though, and continue predict the weakening of the euro.

The euro rallied today against the US dollar and the Japanese yen, erasing its losses, after the global equities advanced and the good macroeconomic data from Europe suggested that the economic recovery continues.

The Canadian dollar went up today against the US dollar, paring previous losses, as the German business sentiment unexpectedly increased and the number of the US durable good orders grew, increasing the attractiveness of the growth-related currencies. The currency later weakened somewhat but remained above the opening level. The loonie fell versus the euro.

The Indian rupee, together with other Asian currencies, rose today on the speculation that the increasing capital inflows from the global funds in the region’s economy would allow the Asian countries to profit from Asia’s fast economic growth.

The Japanese yen is rising after it previously declined today on the speculation that Japan intervened to trim the currency’s gains in order to protect the nation’s exporters.

The euro fell today as the reports signaled that the European economic recovery may be slowing, diminishing the attractiveness of the shared 16-nation currency to the investors.