The euro extended its losses today amid the threat of the sovereign-debt crisis, which may slow the economic growth in the Euro-region and further damp the demand for the shared European currency.

The euro declined, though remained above the opening price, following its previous advance on the speculation that the European Union would receive the investment from China, which may help it to deal with the debt crisis.

The euro extended its losses today on the concerns that the some nations of the European Union would have problems with raising funds after the credit agencies downgraded their credit ratings.

The euro were advancing at the beginning of this week on the hopes that the European Union leaders would be able to find solution for the region’s problems, but it dropped later as the investors’ sentiment turned sour.

The US dollar rose the meeting of the European Union leader at summit in Brussels failed to alleviate the fears about the spreading of the debt-crisis across the Eurozone, increasing the demand for the safety of the US currency.

The Japanese yen fell today against the euro as the signs of the economic recovery decreased the demand for the currency as the safe haven and as the European Union may find the way to deal with its debt crisis. The yen advanced against the US dollar.

The Swiss franc rose against the euro today as the concerns for about the European debt crisis increased the demand for the currency as the safe haven, but dropped versus the US dollar as the yesterday’s reports signaled about the stronger economic growth in the US.

The Great Britain pound surged this week against the euro as the debt problems in the Eurozone attracted the investors to the perceived safety of Britain’s currency. The sterling also gained versus other currencies, including the US dollar and the Japanese yen.

The Great Britain pound climbed today as the house prices rose and the European debt crisis increased the attractiveness of the sterling as the safe currency.

The US dollar gained against the Japanese yen today on the speculation that the extended tax cuts would help the economy of the US. The currency also posted gains versus the euro, before retreating, as the concern for Europe’s debt troubles increased the appeal of the greenback as the safe currency.