The US dollar weakened today as the investors’ demand shifted from the safer currencies to the higher-yielding ones after the US President Barack Obama said he’s going to sustain the tax cuts.

The Japanese yen gained today as the concerns about the European debt troubles intensified and China continues the attempts to slow its economy, increasing demand for the safer currencies.

The Canadian dollar fell today against its US counterpart on the speculation that the Canadian central bank wouldn’t rise the interest rates on the tomorrow’s meeting. The euro was weakening today against other currencies, including the Canadian dollar.

The euro slid today as the European policy makers were divided on today’s meeting in their opinion on how to deal with the Eurozone sovereign-debt crisis.

The New Zealand dollar slipped today on the speculation that the New Zealand policy makers would refrain from increasing the interest rates because of the slower economic growth.

The gains of the US dollar at the beginning of this week were outweighed by the losses in the second half as the poor employment data raised the concerns for the US economy and damped the demand for the US currency.

The Canadian dollar fell today as the employment reports from Canada and the US, the largest Canada’s trading partner, were worse than predicted, decreasing demand for the Canadian currency.

The US dollar dropped today after the report showed that the unemployment rate in the US was at the highest level in 26 years as the US employers added only about one-third as many jobs as was expected, driving the investors away from the dollar to other currencies.

The euro extended its rally against greenback for the third day today as the Bundesbank raised its forecast for Germany’s economic growth.

The New Zealand dollar rose today against its US counterpart, posting the third day of gains, on the speculation that the report about the US non-farm payrolls would show the increase, spurring the demand for the higher-yielding currencies.