US dollar is maintain its gains, and finding support, as the euro falters, and concerns about the global economy take precedence. Greenback is getting a boost as Chinese data, and European data, disappoint.

Asian currencies, the Malaysian ringgit among them, were down today as negative data from China on the weekend followed poor macroeconomic reports from the United States on Friday.

UK pound is struggling today, dropping as disappointing manufacturing data reduces confidence in the currency. Sterling would have struggled anyway, thanks to the general risk aversion today, but the news specifically out of the United Kingdom is adding its own layer of difficulty; indeed, even the euro is gaining against the pound.

The New Zealand dollar fell to the lowest level this year against its US counterpart and the Japanese yen today after a report showed that China’s manufacturing sector slowed more than was anticipated by analysts. At present, the currency managed to rebound.

The Canadian dollar continued its race down, falling to the lowest level this year against its US peer and to the four-month low versus the Japanese yen, as the situation in Europe does not shows signs of improvement, eating away appeal of commodity currencies.

The Great Britain pound fell today against the US dollar after a report showed that the UK services index fell more than was expected by market participants. The currency was higher against the Japanese yen.

The Great Britain pound climbed to the highest level in almost two years against the euro today as better-than-expected macroeconomic data from the United Kingdom was a stark contrast to negative fundamentals in Europe. The currency was flat against the Japanese yen and fell against the US dollar.

Euro is losing ground today as recession fears once again come into focus. Disappointing economic data in the eurozone, as well as a growing gap between Germany and the peripherals, are weighing on the euro. Additionally, it’s not helping risk appetite that the data coming out of the United States has turned out to be disappointing as well.

The Malaysian ringgit gained today as yesterday’s data that showed an expansion of manufacturing in the United States and China increased attractiveness of higher yielding Asian currencies.

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.