The Malaysian ringgit remains down on today’s trading session even as good news from Europe eased risk aversion sentiment among Forex traders.

Canadian dollar is gaining strength for the first time in days as some of the fear over the eurozone dissipates. Loonie has been struggling, in spite of relatively sound fundamentals, on sentiment related to the eurozone.

US dollar is lower as markets take a breather, showing signs of optimism after a tense couple of days. Stocks in Europe are still struggling, but US stock futures are in the black, hopeful on positive US economic data.

The euro fluctuated today, erasing its previous gains and heading to the lowest level in five weeks, after Spain’s debt auction and the warning by Fitch Ratings about the impact of the European crisis on US banks.

The Australian dollar pared its yesterday’s decline, but the outlook for the currency is still rather pessimistic. The Australian currency extended its yesterday’s fall against the euro.

The Chilean peso went down today even as the nation’s central bank refrained from decreasing interest rates amid concerns about impact of the European crisis on the global economy.

Earlier, euro saw a bit of a tentative rally in Forex trading, gaining a little ground against the US dollar. Now, though, all of that momentum is gone, and euro is heading lower.

The Great Britain pound weakened today as the inflation report showed that outlook of the nation’s central bank is pessimistic, while the unemployment rate rose more than was expected.

Yen is mostly lower today as risk aversion sets in after a brief glimpse of optimism yesterday. Even though the BOJ has announced that it will keep its benchmark rate practically at zero, there is enough economic concern that the yen remains in demand.

The Canadian dollar extended its decline for the third consecutive session today as the negative market sentiment, caused by the difficult situation in the European Union, outweighed the fundamentals that weren’t all bad.