The Australian dollar fell today as Forex market participants anticipate an interest rate cut by the Reserve Bank of Australia tomorrow.

The Great Britain pound dropped today as the outlook for the nation’s economy was pessimistic today, damping demand for the sterling.

US dollar is rising today against major currencies as a safe haven. Concerns about what’s next for the global economy are causing Forex traders to look for safety — and the US dollar is the best choice.

Last week, the Japanese yen continued to strengthen at a rate uncomfortable to leaders. As a result, earlier today, the Bank of Japan decided to directly intervene in order to keep the yen lower.

The Great Britain pound gained this week against the dollar and the yen as the optimism caused by the revelation of the plans to battle the sovereign-debt crisis in Europe damped demand for safer assets. That same optimism allowed the euro to outperform the pound.

The Swiss franc gained as the problems in Europe made traders flock to the currency, even though it’s hard now to be consider the Swissie a ”safe currency” after the euro-peg was implemented by the central bank. That peg was likely the reason the franc wasn’t been able to rise against the euro, while the troubling signs from Switzerland itself made investors prefer to buy the yen than the Swiss currency.

The optimism about Europe has left markets and traders were leaving riskier currencies, especially the euro. As a result, the Canadian dollar fell versus the ”safe” yen, but gained against the euro.

Japanese yen continues to strengthen, prompting Prime Minister Yoshihiko Noda to assure Japan’s parliament that leaders are ready to intervene if it becomes necessary.

Forex traders are showing a little more caution today, after yesterday’s enthusiastic shift toward risk appetite. Euro is moving a little lower against major counterparts now that traders are re-thinking the eurozone attempt to rein in sovereign debt.

The Great Britain pound gained today against the euro as the optimism caused by the rescue plans for the Eurozone quickly waned. The currency fluctuated against the dollar as the confidence of Britons declined.