The Canadian dollar was rising against the US dollar, than sharply dropped, and now is trying to rebound as the global and the domestic fundamentals looks favorable for the currency. The currency slipped against the euro.

The New Zealand dollar rose slightly against its US counterpart as the New Zealand economy slowly recovers from its previous recession. The currency slipped against its Australian counterpart.

The euro rose against the US dollar today after the report showed consumer prices in the Eurozone advanced more than the analysts forecast.

This week was rather bad for the US currency even as the US economy demonstrated a moderate growth, which nevertheless wasn’t as good as the economists anticipated.

The US dollar strengthened versus the euro as the GDP report showed that pace of economic growth in the US increased. The currency dropped against the Japanese yen as the growth was slower than the analysts predicted.

The Swiss franc rallied today as the political unrest in Egypt increased demand for safety as it threatens oil supply and may cause of wave of riots in Africa.

The Great Britain pound were attempting to advance on the previous two days, but the potential rally was cut short as the consumer UK confidence experienced a significant decline.

The Malaysian ringgit dropped today after the Asian stocks declined as the Standard & Poor’s downgraded Japan’s credit rating and commodities went down.

The Australian dollar took a beating today on the speculation that the interest rates may be put on hold for an extended period as the government proposed a levy to support the economy, hurt by the catastrophic floods.

The Canadian dollar declined today versus its US counterpart as crude oil prices dropped and the reports from the US showed some poor macroeconomic data after it rallied with stronger stocks and rising copper prices.