Canadian dollar is clinging to gains, struggling to retain the upper hand as risk aversion begins to creep into the picture. Loonie is slightly higher against the US dollar, as well as against the UK pound and the euro.

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UK pound is higher against the US dollar today, gaining on better retail sales data. The expectation now is that Great Britain will avoid a recession, and that is providing sterling with a little support today.

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The Australian dollar kept its gains against the US currency and the euro, but continued to fall versus the Japanese yen after Standard & Poor’s reduced Greece’s credit rating to selective default.(...)
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The euro remained weaker against other major currencies after yesterday’s slump as Standard & Poor’s reduced Greece’s credit ratings to selective default, adding to concerns about Europe’s debt woes.(...)
Read the rest of Euro Remains Weak as S&P Reduces Greece’s Rating to Selective Default (137 words)