Commodities are taking a plunge today, and commodity currencies like the Canadian dollar are falling right along with them. Loonie is especially impacted by the drop in oil prices.

After enjoying a solid performance earlier, the Canadian dollar is now heading much lower on a variety of economic concerns and a drop in commodities.

The Canadian dollar touched the highest level in seven weeks against its US counterpart as the positive market sentiment drove investors to assets that offer higher risk, but also bigger yield.

UK pound is moving higher against the US dollar today. The British currency is also seeing gains against the Canadian dollar. However, even though UK pound is getting a boost for now, the future of the sterling might not be so rosy.

Canadian dollar is getting a boost today as Forex traders look for higher yields. Particularly, loonie is benefitting from flows out of Japan.

The Canadian dollar fluctuated against its US peer as investors were unsure about prospects for the Canadian economy. The currency fell against the euro and rallied versus the Japanese yen.

UK pound is mostly lower today, thanks in large part to economic weakness. Economic reports point to continued difficulties in the United Kingdom, and that is leading to expectations of more easing — and continued weakness for the pound.

The Canadian dollar sank today as fundamental reports were very bad, even worse that forecasts, which were not optimistic. The currency managed to outperform the Japanese yen, which remained soft because of aggressive quantitative easing from the Bank of Japan.

The Canadian dollar rose against its US counterpart today even though forecasts for Canadian employment are not particularly good. The currency also surged versus the Japanese yen, reaching the highest level since October 2008, but retreated against the euro.

The Canadian dollar fell today as crude oil, as well as other commodities, declined after Automatic Data Processing released a worse-than-expected employment estimate.