The Great Britain pound weakened today after data showed that inflation slowed last quarter more than was predicted by analysts, reigniting concerns about the UK economy.

The Canadian dollar slumped today, touching the lowest level since March against its US peer, as inflation slowed last month, decreasing probability of an interest rate hike from the Bank of Canada.

The Polish zloty weakened today as negative fundamentals, including slowing inflation, spurred speculations that the central bank will cut interest rates yet again.

The Australian dollar was soft today after the government forecast that economic growth will slow in the next financial year, adding reasons for the central bank to cut interest rates further.

The Norwegian krone rallied today as inflation accelerated more than analysts have expected, reducing incentive for the central bank to cut interest rates. The currency retreated and trades below the opening level as of now.

The Australian dollar fluctuated today, but was fairly resilient even as both global and domestic fundamentals were not supportive for the currency that is linked to commodities and economic growth.

Slowing economic data out of China is weighing on high beta currencies, and helping support the Japanese yen against its European counterparts. Even with weakness expected moving forward, the yen is showing resilience right now.

The Canadian dollar closed flat versus its US peer yesterday, erasing its previous gains. The currency was also flat against the euro, paring losses. The loonie gained against the Japanese yen that was the weakest against most-traded currencies.

US dollar is losing ground today as risk appetite returns to the market. Greenback is higher against the yen, but down against high beta currencies, particularly the euro.

The Great Britain pound rose today as inflation remained above the central bank’s target, reducing probability of additional monetary easing by the Bank of England.