The New Zealand dollar slipped today on the speculation that the Federal Reserve wouldn’t continue the quantitative easing to support the US economy, decreasing the appeal of the riskier currencies.

The Indian rupee gained today as the investors’ confidence in the currency was highest since May 2009 after the unprecedented $25 billion of the capital inflows into the nation’s equities.

The Great Britain pound fell today versus the US dollar, the euro and the Japanese yen on the concerns that the weakening housing market would hurt the recovery of Britain’s economy from its worst recession.

The South African rand trades near opening level after it rose previously as the gold prices remain near the record level and on the expectation the report would show this week that the nation’s traded deficit decreased in the second quarter.

The US dollar slipped today versus the euro as the experts anticipate that the report today show the low level of confidence among the US homebuilders and on the outlook for the interest rates.

The Japanese yen slumped this week after Japan’s government intervened to trim gains for the first time since 2004, but the currency stopped its decline as the concerns for the economic growth resurfaced with the new strength.

The New Zealand dollar rose today at the start of the trading session against the US dollar and the Japanese yen as the gains of the Asian stocks increased the appeal of the higher-yielding currencies, but for the most part of the day it was declining as the fundamentals in New Zealand weren’t supportive to the currency.

The euro weakened today, after it previously jumped to the highest level in more than a month, as the concerns resurfaced that some European banks may experience significant losses because of the global economic crisis and on the worries for Ireland’s economy.

The Swiss franc fell to the lowest level in a month versus the euro today after the global equities rallied, erasing the demand for the safer currencies, and Switzerland’s central bank signaled about the slowdown of the nation’s economic growth.

The Japanese yen weakened today, falling to the lowest level in more than in a month against the euro, on the forecasts that the reports today would show the producer prices increased in Germany and the consumer confidence improved in the US, decreasing the demand for the safe haven.