US dollar is seeing some strength today, gaining as risk aversion makes an appearance. Concerns about the eurozone, as well as speculation about what Ben Bernanke will say about the economy when he testifies before Congress today, has many forex traders and investors a little nervous.

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The Great Britain pound dropped today after the report showed that the nation’s construction sector stalled last month, adding incentive for the UK central bank to increase stimulus.(...)
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The Australian dollar continued to fall today, extending its decline for the third straight session, as the Reserve Bank of Australia suggested that an interest rate cut may be possible as the inflation pressure eased.(...)
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The past month was very unfavorable for the euro. The start of this month doesn't look positive for the shared European currency either. This week can define the future of the currency for a long time as the story of the Greek debt crisis may come to an end (most likely a bad one). Another important event this week is the monetary policy meeting of the European Central Bank.(...)
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The dropped today as the macroeconomic reports showed Switzerland’s economy experiences problems, spurring the speculation about yen another intervention by the nation’s central bank.(...)
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The Canadian dollar climbed against the euro today as the favorable macroeconomic data made the Canadian currency more attractive to investors than the European one. On the other hand, the loonie fell against the US dollar and the yen.(...)
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Euro touched a 10-year low today against the yen, and managed to lose ground against the US dollar and the UK pound as well. Most of the bad news for the eurozone resides in the news that Greece will not hit its deficit target this year.

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Asian stocks ended Monday’s session lower, and eurozone fears continue to provide reason for concern. As a result, the Australian dollar is sliding, even hitting new 2011 lows during trading.

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