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

US dollar index is heading higher today, gaining ground as a bit of uncertainty sets in ahead of central bank announcements out of the eurozone and the United Kingdom. European currencies are casualties against the greenback today as speculation about what’s next permeates the markets.

Euro is pulling back today, especially against low beta currencies, as risk aversion sets in. Concerns about global economic growth are weighing on high beta currencies today. Additionally, there are still concerns about the eurozone, and the debt crisis.

US dollar is mixed against major currencies today as markets look for direction after yesterday’s rout of risk assets. Today, there has been some measure of recovery, but there are still enough doubts to help the greenback in some cases.

Euro is heading higher today, helped along by risk appetite, and even dragged a little bit by better performance from the pound. Euro is gaining ground as optimism returns to the markets. At least, there is optimism regarding the wider global economy, and that is taking some of the focus away from the problems in the eurozone.

Risk aversion is back in the markets, and the Japanese yen is getting a boost today. Even though Japanese markets are closed today, the yen is heading higher on concerns about what’s next for the global economy.

Euro is seeing slight gains today, heading a little higher against the US dollar. For now, the gains are somewhat limited, since trading is thin. With US markets closed for the Labor Day holiday, it is little surprise that most currencies are rangebound right now. Euro, though, is looking to eke out some gains today.

Japanese yen is gaining against other majors as concerns about global economic growth return to the markets. Worries about what’s next for the world economy have added to risk aversion, weighing on high beta currencies and making currencies like the yen preferred.

US dollar is pulling back today as Forex traders decide to go for a taste of yield. Over all, risk appetite hasn’t truly returned, but the US economy is just slow enough that many are re-evaluating their positions and paring back recent gains for the greenback.

US dollar was higher against the euro earlier, thanks in large part to concerns over Spanish debt. However, some of those fears have been allayed with the latest news out of Germany. Against other currencies, US dollar is a bit lower thanks to the risk appetite that is boosting equities around the world.