The South African rand slipped today after China cut its growth forecast, hurting currencies that are dependent on commodity prices, including South Africa’s one. Uncertainty about the future of Europe added to the negativity on the Forex market.(...)
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Japanese yen is gaining against its major counterparts today, rising as Forex traders seek some sort of safe haven and stability in the wake of the latest news out of China. Concerns about global growth are very real, and yen is also getting a boost as concerns about the economic growth in other regions are in doubt.

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UK pound is higher in the currency market against the US dollar, after dropping earlier today. In earlier trading, UK pound fell against the US dollar on Greek worries and the expectation of poor PMI data. Now, though, things are turning around and the sterling has the upper hand.

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