The Malaysian ringgit strengthened today as the improving US hosing market and the advance of global equities increased attractiveness of higher-yielding currencies.

The Great Britain pound erased losses against the US dollar after the minutes of the central bank’s policy meeting showed that most policy makers voted against increasing size of bond purchases.

US President Barack Obama accepted the deficit reduction plan of the bipartisan group of senators, bringing hope for resolution of the deadlock in discussion an increase of the debt ceiling. The US dollar rose against the Japanese yen and trimmed its losses versus the euro.

The Canadian dollar jumped today after Canada’s central bank held interest rates and signaled that it can resume its rates increases soon as economy improves.

Greek Finance Minister Evangelos Venizelos suggested that agreement on measures to resolve the European debt crisis at the coming European Union summit is “attainable”. These words boosted the euro.

The Reserve Bank of Australia released today minutes of its policy meeting on July 5 that indicated a robust economic growth in Australia and, thus, decreased probability if interest rates cuts. The Australian currency reacted positively to the minutes.

This week started with talks about the debt issues in Europe and, consequently, the euro dropped, posting the biggest intraday decline against the US dollar in almost a week.

The Australian dollar weakened today as concerns about the European debt crisis curbed attractiveness of riskier assets and drove investors to seek safety.

The Swiss franc reached a new record versus the euro today on concerns that the European leaders won’t be able to reach an agreement regarding necessary measures to battle the sovereign-debt crisis.

The Great Britain pound dropped against the Japanese yen and fluctuated against the US dollar as the report showed today that UK house prices declined for the first time this year.