The New Zealand dollar slid today to the lowest level in more than two months as the nation’s unemployment rate rose, even though analysts said that it would decline, and employment growth was below expectations.

The Canadian dollar climbed against the euro today as declining manufacturing of the eurozone weakened the shared 17-nation currency. Canada’s currency erased losses versus the US dollar and was flat against the Japanese yen.

A degree of risk aversion is afflicting financial markets today, and that is resulting in a higher Japanese yen. Yen is gaining against its high beta counterparts the euro and the UK pound, while falling against the US dollar. Concerns about the eurozone are, once again, taking precedence in global financial markets.

The Canadian dollar climbed today after a report showed that the US manufacturing sectors was expanding last month with faster pace than was anticipated by analysts, bolstering positive market sentiment.

US dollar is moving higher today, gaining now, even as it lost some ground earlier. It’s true that US dollar has been somewhat flat today against other majors, but it was falling against the euro at one point. Now, though, the greenback has the upper hand again as uncertainty takes center stage and Forex traders begin looking for a little safety.

Euro is finding some support today, and the financial markets are finding a little bit of risk appetite, as eurozone politics take center stage. The unlikely support comes as Irish officials try to sway voters to accept the European Union‘s fiscal treaty, and as Germany continues to insist on austerity measures for embattled eurozone countries.

The Australian dollar dipped today as the Reserve Bank of Australia cut its key cash rate more than analysts anticipated. The decrease of the rate was expected and perhaps priced in, but the scope of the cut took traders by surprise.

The New Zealand dollar fell yesterday and extended its decline today. New Zealand’s traded surplus unexpectedly shrank in March, adding to the negative market sentiment that sent the nation’s currency down.

The Australian dollar fell today on speculation that the Reserve Bank of Australia will cut its main interest rate as the European problems cause a negative impact on Australia’s economy.

Canadian GDP surprised analysts and traders to the downside today, with February GDP declining 0.2%. The news came at the same time that reports of slowing consumer spending and income were reported in the United States. The combination is weighing on the Canadian dollar today, as well as on other currencies.