The Swiss franc dropped today on the speculation that the global economic growth will offset the influence of the European sovereign-debt issues and the crisis in Japan.

The Australian dollar strengthened against its major counterparts after stocks and commodities rallied and the measure of price volatility fell.

The Canadian dollar gained today, erasing its losses against the US dollar, as commodities rallied and crude oil, the key export of Canada, advanced to the highest level in more than two years, attracting investors to Canada’s assets.

The Great Britain pound fell as the report today showed that the retail sales in the UK declined in February more than predicted was predicted by economists.

The euro advanced against the US dollar today after the leaders of the European Union began their two day meeting in Brussels to discuss the way out of the debt crisis.

The New Zealand dollar advanced after the report showed that the nation’s economy grew more than expected in the last quarter of 2010.

The Great Britain pound declined today after the minutes of the Bank of England meeting showed that the policy makers prefer to keep the interest rates unchanged.

The Swiss franc advanced today as the heightened concern about the radiation leak from the damaged nuclear plant in Japan spurred demand for safer assets among investors.

The Canadian dollar weakened against its US peer as the report showed that the retail sales in Canada unexpectedly decreased for the second month.

The Great Britain pound jumped today to the highest price in more than a year after the report showed that the inflation in the UK accelerated last month more than was anticipated.