US dollar is mixed today, due in large part to the latest uncertainty coming from the eurozone. Earlier, risk appetite was all the rage, with the euro reaching new highs for the month of March, and a number of currencies gaining against the greenback. Now, though, the dollar index is higher, and the euro has faded against the greenback. In large part, this is due to the suggestion from the OECD that the eurozone’s firewall is insufficient for the debt crisis.

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Earlier today, euro got a boost from what many saw as a successful Italian bond sale, as well as yesterday’s speech from Ben Bernanke opening the door for QE3 in the United States. However, the euro is pulling back right now as the situation changes a little bit. The OECD said that the eurozone needed a much larger firewall in order to contain the debt crisis. The result of this latest piece of news is that the euro is dropping.

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The Malaysian ringgit, together with some other Asian currencies, rose today after comments of German Chancellor Angela Merkel and US Federal Reserve Chairman Ben Bernanke boosted risk appetite among investors yesterday.(...)
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The Chinese yuan advanced today as China’s President Hu Jintao assured US President Barack Obama that the country will allow a more flexible exchange rate and after the nation’s central bank set the record reference rate.(...)
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The Australian dollar gained today as Federal Reserve Chairman Ben Bernanke signaled that the US economy still needs stimulus, making investors look for higher yield and benefiting riskier assets.(...)
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The Canadian dollar rose today as the speech of Federal Reserve Chairman Ben Bernanke boosted stocks and commodities, while comments of Germany’s Chancellor Angela Merkel eased fears of a new spread of the financial crisis.(...)
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