Risk appetite has returned to the markets in full force today, and the UK pound is feeling the effects. Cable is moving higher today, supported by rallying equities and stability in the eurozone.

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The US dollar is pulling back as the situation in Europe stabilizes somewhat. Risk appetite is making an appearance, and the US dollar isn’t needed — for now — as a safe haven. As a result, it is down pretty much across the board.

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The South Korean won rose today after the nation’s central bank decided to keep the interest rates unchanged and tensions about Europe subsided.(...)
Read the rest of Korea’s Won Profits from Central Bank’s Monetary Decision (70 words)

The euro extended its gains against the dollar today after the Italian Parliament approved the budget bill and on the signs that the problems with the transition of power in Greece and Italy were resolved.(...)
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The Japanese yen rose today as the escalating sovereign-debt crisis in Europe resulted in more pessimistic outlook for the region’s economic growth.(...)
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The Canadian dollar rebounded from the lowest level in four weeks after the nation’s trade balance posted an unexpected surplus in September, improving sentiment about Canada’s economy and increasing appeal of the Canadian currency.(...)
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