The New Zealand dollar advanced today, trading near the record high against the US dollar, as growth of China’s economy made higher-yielding currencies more appealing.

The Great Britain pound dropped against the euro today as the government report showed that the unemployment claims increased in June, instead of decreasing as was predicted by analysts. The currency gained versus the dollar.

The Japanese yen erased gains versus the US dollar and fell against the euro today after the Chinese economy grew more than expected in the second quarter of this year.

The euro rose today against the US dollar after yesterday’s decline as the US trade balance posted bigger deficit than was anticipated and the minutes of the Federal Open Market Committee showed that the US policymakers are divide on their opinion about necessity of the quantitative easing.

The Great Britain pound currently attempts to recover from the losses caused by today’s macroeconomic reports. Virtually all data today was unfavorable for the sterling as it signaled that the economic recovery is faltering.

The South Korean won, together with other Asian currencies, fell today as Italy became yet another country of the European Union threatened to be engulfed by the debt crisis.

The Canadian dollar weakened versus its US counterpart as the problems in Europe and prospects of slower economic growth in China made the US currency more preferable to the Canadian one.

The Australian dollar fell today on concerns about the debt situation in the European Union and on the speculation that China will take additional steps to prevent its economy from overheating.

Iraqi dinar can be an interesting option for traders who look for currencies with great potential for profit. But such potential often comes with higher risk. How investor can predict performance of the dinar?

The Russian ruble fell today as crude oil, the main source of Russia’s export revenue, declined for the second day on concerns for the recovery of the world economy.