The Canadian dollar slumped today, extending its decline from the highest level in this month, as crude oil, the main nation’s export, declined and the wholesale sales declined, reducing the appeal of the Canadian currency.

The Australian dollar showed a good performance in the first half of the last week, but has slowed its gains in the second. What can we expect from the Aussie in the next week, can it reach parity with the US dollar?

The Swiss franc gained today as the debt problems in the European Union and the tension of the Korean peninsula turned the market sentiment to the risk aversion.

The euro extended its losses today on the concerns that the some nations of the European Union would have problems with raising funds after the credit agencies downgraded their credit ratings.

The euro were advancing at the beginning of this week on the hopes that the European Union leaders would be able to find solution for the region’s problems, but it dropped later as the investors’ sentiment turned sour.

The Canadian dollar slumped as the meeting of the European Union leaders hasn’t provided an answer to the problem of the European countries’ debts and after Ireland’s credit rating was downgraded.

The US dollar rose the meeting of the European Union leader at summit in Brussels failed to alleviate the fears about the spreading of the debt-crisis across the Eurozone, increasing the demand for the safety of the US currency.

The Japanese yen fell today against the euro as the signs of the economic recovery decreased the demand for the currency as the safe haven and as the European Union may find the way to deal with its debt crisis. The yen advanced against the US dollar.

The euro rose today against the US dollar for the second day as the European leaders agreed on the mechanism to prevent the financial crises and as the business climate in Germany improved.

The Great Britain pound jumped today after the reports showed that Britain’s retail sales expanded and the UK consumer inflation expectations increased, suggesting that Britain’s economy performs not that bad.