The South African rand climbed today, posting the fourth straight day of gains, to the highest level in three years versus the US dollar as the investors seek higher yields while the developed nations keep their interest rates low.

The New Zealand dollar slumped today after the reports showed that the current account deficit widened, while the economy of the New Zealand deteriorated, worsening the outlook for the New Zealand dollar and decreasing demand for it.

The US dollar weakened versus the Japanese yen today after the reports showed that the US GDP and the existing home sales grew less than was predicted by the analysts. The dollar managed to erase losses against the euro.

The Great Britain pound extended its losses today after the final revision of the GDP report showed that the economic growth was slower that the experts previously estimated.

The euro gained today as the reports showed that the import prices in Germany rose and the retail sales in Italy increased. The currency struggles to maintain gains as the concerns about the debt crisis undermine the confidence in the European economy despite the good reports.

The Great Britain pound dropped today as the report showed that the budget deficit climbed to the record, surpassing the analysts’ forecast and causing concerns about the future of the UK economy.

The Canadian dollar continued to decline today, falling for the forth straight day in the longest stretch of losses since October, as the slowing inflation caused the speculation that Canada’s central bank would keep the interest rates unchanged.

The euro declined, though remained above the opening price, following its previous advance on the speculation that the European Union would receive the investment from China, which may help it to deal with the debt crisis.

The Swiss franc extended its gains today as concerns that the European banks would struggle to raise funds after their ratings were downgraded by the rating agencies increased the demand for the Swiss currency as the safe haven.

The Great Britain pound rose today against the euro as the speculation that European banks would have problems in raising funds and the forecast that Britain’s central bank would increase the interest rates spurred demand for the sterling. The currency was little changed versus the US dollar.