The South Korean won rose today, as well as other Asian currencies, after South Korea’s central bank increased its interest rates for the second time this year.

The Australian dollar extended its losses against the US dollar today as the Asian stocks declined and on the speculation that the central bank would pause the interest rates increases.

The US dollar jumped today to the highest level in almost seven weeks against the euro as the concerns about the sovereign-debt continues to plague Europe and after the favorable economic data and the rising yield on the US Treasuries increased the appeal of the US currency.

The Great Britain pound strengthened today after the European Union’s officials raised the estimates of Greece’s debt, prompting the traders to seek the perceived safety of the UK currency. The pound slipped versus the US dollar.

The Indian rupee dropped to the lowest level in almost seven weeks against the US dollar today after the reports showed that the industrial production grew with the slower pace, causing the concern that the foreign capital inflows would dwindle.

The New Zealand dollar fell today as the Asian stocks dropped and the concerns about another debt crisis in Europe decreased the attractiveness of the higher-yielding currencies.

This weak was marked by return of the concerns about Europe’s sovereign-debt crisis and the weakness of the euro. The currency rose on Friday slightly, but overall this was a bad week for the euro.

The Chinese yuan strengthened on the speculation that the central bank may increase the interest rates in order to slow the rapidly growing inflation, which may create an asset bubble.

The euro jumped today on the speculation that the European Union would support its most indebted nations. The euro resumed its decline later as the traders weren’t convinced.

The Canadian dollar extended its losses against its US counterpart today as the stocks fell, decreasing the risk appetite and damping demand for the growth-related assets.