USD is rallying as a save haven, AUD slumps, EUR/USD is below the 1.2500 mark, possibly heading even lower, JPY was flat vs USD

Daily forex news from Sidney we reporting, The Australian dollar dipped today as negative report about Australian retails sales added to overall negative sentiment among Forex market participants. The data reinforced opinion that the nation's central bank may continue interest rate cuts

The save haven currency US dollar is rallying as risk aversion takes hold of the markets. Financial markets are falling everywhere, from high beta currencies to stock markets. Concerns about the eurozone are mainly driving today's risk averse atmosphere. With so many concerns, it's little surprise that the US dollar is heading higher.

Meanwhile, from Stockholm we reported, The Swedish krona advanced versus the euro today as the nation's economy expanded last quarter. The currency was down against the US dollar as overall market sentiment remained depressed

After Greek debt crisis, daily forex news Today focuse on Spain's woes are in focus, and that is sending the euro lower. EUR/USD is below the 1.2500 mark, and possibly heading even lower, thanks to concerns about Spain, as well as uncertainty about Greece and uncertainty about how the Irish will vote tomorrow when it comes to the European Union's fiscal treaty.

From Tokyo daily forex news we reported, The Japanese yen gained against most major currencies today as endless woes of European countries spurred demand for safer currencies. JPY was flat versus the US dollar, though, as the greenback is also considered to be a safe haven, and always be save haven currency

Latest update from Ontario daily forex news, The Canadian dollar fell today, heading to a monthly loss against the US dollar and a second straight monthly drop versus the Japanese yen, as the crisis in Europe eroded demand for currencies related to growth. Unsurprisingly, Canada's currency managed to outperform the euro