Uncertainty about what’s next for the eurozone is prompting gains for the US dollar today, with the dollar index moving higher, heading for the 80 level. Concerns about the eurozone once again dominate, and the US dollar is moving higher as a result.

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Today, for the first time, the European Central Bank began offering three-year loans as part of a plan to provide struggling countries with the funding to avoid collapsing due to the debt crisis. Even though the measure is supposed to help eurozone countries, the euro has slipped against other major currencies.

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The Great Britain pound advanced despite the consumer sentiment report was negative today. On the other hand, yesterday’s report showed positive developments, making traders confused. The explanation of the difference could be that one report is for December and another is for November.(...)
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The Malaysian ringgit rose today together with other Asian currencies after the report yesterday showed that the US housing sector improved. The positive data improved prospects for the Asian exports.(...)
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The New Zealand dollar advanced today, extending its gains from yesterday, as Forex market participants felt a bit more optimistic about Europe and favored higher-yielding assets. The resulting rally of the global stocks was also beneficial to the currency.(...)
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The Canadian dollar advanced today as the prices for crude oil rose and stocks gained after risk appetite reemerged on markets and traders again became interested in riskier assets.(...)
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