The Canadian dollar went down today, following the week of big gains, after Germany’s politician shattered confidence in ability of the European leaders to end Europe’s woes, saying that there are no an easy solution to the region’s economic problems.(...)
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Earlier this month, Glenn Stevens, the Governor of the Reserve Bank of Australia, indicated that there is a chance that Aussie rates will be cut. Now that the minutes of the October 4 meeting are on the verge of being released, there are concerns about the Aussie in forex trading.

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US dollar is once again gaining the upper hand, rising against high beta currencies as uncertainty drives Forex traders to safe havens. This time, it’s reduced optimism about a quick solution to the sovereign debt problem in the eurozone.

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The euro retreated today as the optimism caused by the Group of Twenty meeting weakened on the speculation the credit crisis in the European Union can’t be resolved in the near future.(...)
Read the rest of EU Crisis Can Be Resolved? Not Everyone Agrees (89 words)

The Japanese yen weakened today as investors preferred higher-yielding currencies to safer ones after the meeting of Group of Twenty reinforced the hopes for a resolution of the European debt crisis.(...)
Read the rest of Yen Goes Down as G20 Meeting Reduces Need for Safety (66 words)