The Chinese yuan gained today against the US dollar, rising for the first time since 1993 beyond 6.6 yuans per dollar level, on the speculation that the government may allow the currency to appreciate faster in an attempt to rein the inflation. The currency weakened against the euro.

The US dollar continued to decline today as the signs of the global economic recovery made the higher-yielding currencies more appealing than the safer ones.

The Great Britain pound recovered somewhat after it dropped on the speculation that the falling house prices signal about problems in Britain’s economy.

The euro rose today against the US dollar for the second day as the German inflation grew and the Italian business confidence jumped. The possibility of the credits rating downgrades of the various European countries still may curb gains.

The Polish zloty headed to the weekly gain today on the speculation that the state-owned Bank Gospodarstwa Krajowego sold the euros, boosting the Polish currency.

The Australian dollar headed today to the highest level since 1982 against its US counterpart as the signs of the faster economic growth in the US increased the appeal of the higher-yielding currencies. The currency declined versus the euro.

The Canadian dollar traded near its opening level versus the US currency after it earlier rallied on the gains of the commodity prices and the record prices for crude oil. The loonie slipped against other currencies as the Canadian house prices declined and the US consumer confidence worsened.

The Chinese declined today as the Chinese executives call for a slower appreciation, while criticizing the US for the debasing of its currency and creating asset-bubbles on the emerging markets.

The Swiss franc rallied today against the US dollar, heading to the record, as the leading economic indicators showed the sustainable economic growth.

The South Korean won rose against the US dollar as the manufacturers confidence improved. The currency slipped versus the euro amid the geopolitical uncertainty.