Canadian dollar is heading higher against the US dollar today, gaining as oil prices rise, and as risk appetite returns to the Forex market. Loonie is gaining, in a reversal of Friday’s losses, and appears ready to enforce a degree of strength this week.

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US dollar is lower today as risk appetite makes an appearance. The euro has moved back up to the 1.30 level, and the greenback is down against other currencies as well. The three-month London Interbank Offered Rate (Libor) for the US dollar fell as well.

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The euro reached the highest price in more than two weeks against the US dollar today as European financial ministers discuss measures for dealing with the region’s fiscal crisis.(...)
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The Australian dollar jumped today to the highest level in more than two months after the report showed that the Australian Producer Price Index advanced in the last quarter of 2011.(...)
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