The euro is trading at $1.2054.

The U.K. pound rallied on reports that British insurer Prudential Plc had failed in their protracted $35.5 billion acquisition of AIG Inc’s Asian division, as the company will no longer be selling pounds to fund the purchase.

The pound is current worth $1.4670.

The Canadian dollar slid for a second day against the U.S. dollar, as concern Europe’s sovereign-debt crisis will worsen overshadowed stronger-than-forecast employment data.

The loonie is currently at $.9528.

The euro traded at $1.218 versus the dollar compared with $1.2209 in North American trade late Wednesday. Earlier this week, the euro dropped to its lowest level in more than four years at $1.211.

The U.K. pound slipped against the dollar, erasing earlier gains after economists at Standard & Poor's warned that the U.K.'s recovery is likely to lag behind that of France and Germany this year.

GBP/USD hit $1.4645 during European afternoon trade, shedding 0.05%, after falling from a daily high of $1.4743.

Canada’s dollar fell against its U.S. counterpart, erasing an earlier gain, as stocks swung between gains and losses amid concern Europe’s sovereign-debt crisis will worsen, making currencies tied to growth less attractive.

The loonie is trading at $.9635.

The common currency weakened to $1.2196 from $1.2229 yesterday, when it touched $1.2111, the lowest level since April 2006.

The British Pound pulled back from a weekly high against the dollar of $1.4765 from to $1.4615 as investors scaled back their appetite for risk.

The Canadian dollar firmed slightly against the U.S. dollar but remained within a trading range as equity and commodity markets gave mixed signals, providing little reason for investors to make big bets either way.

In morning trading, the loonie was at $.9491, slightly stronger than its Tuesday finish at $.9488.

In late morning trading in New York, the euro was 0.2 percent lower versus the dollar at $1.2279 after dropping earlier to a four-year low of $1.2112, according to Reuters data.

The U.K. Pound bounced back against the dollar for the first time in four days last week and continued that theme over the Bank Hokiday weekend, after China denied reports that it's reviewing its Euro-denominated holdings, improving investors' appetite for riskier assets, as stocks rallied worldwide.

The Pound Dollar exchange rate is 0.694% higher with 1 GBP = $1.4645.

The Canadian dollar fell against the U.S. dollar after the Bank of Canada became the first Group of Seven central bank to raise interest rates since the financial crisis began. The quarter-percentage point rate hike, which the market expected, brought the bank's key overnight rate to 0.50 percent, but the bank gave no indication of whether it would follow up with more rate increases.

In morning trading, was at $.9493, compared with Monday's close at $.9583.

The euro is at $1.2299, down from $1.2302 in North American trading late Friday.

The U.K. pound rose against the dollar as traders shrugged off fears that the resignation of David Laws as Britain's Treasury chief secretary would hamper efforts to slash the massive British budget deficit.

The pound is at $1.4488, a gain of 0.21% in European trade.

The Canadian dollar remains vulnerable to spikes in risk aversion marked by a flight to the U.S. dollar. The loonie fell to a 4-day low of $1.0554 against the US currency in early Monday Asian deals, compared to last week's close of $1.0533

There was no activity on the Regional Government Securities Market, but the next auction of the Government of St Vincent and the Grenadines 91 day T-bills takes place on Thursday June 17th 2010.

TRINIDAD
Over in Trinidad, market indices advanced despite drops in both market volume and value from last week. Over 1.6 million units of stock traded down from 2.7 million last week, valued at more than $37 million. Of the 20 shares traded, 5 advanced, 3 declined while 12 traded firm. Neal & Massy holdings emerged volume leader with over 37% of the activity followed by National Flour Mills Limited with an additional 35%.

JAMAICA
On the Jamaica Stock Exchange most market indices fell, the Cross Listed Index being the only advancer gaining 2.91 points for the week. The advance decline ratio was 10 to 9 with 6 shares holding firm. Jamaica Money Market Brokers was the volume leader with over 18% of the activity also gaining 2 cents to end the week at$ 4.20. Mayberry Investments Limited was the lead advancer gaining 7.04% closing at $2.89.

Still in Jamaica, the Government declared a state of public emergency as tension mounted in the Jamaican capital. The unrest in downtown Kingston has resulted in a delay in one listed company presenting its financial results to the Jamaica Stock Exchange (JSE). Carreras has written to the JSE advising that its results for the year ended March 31st will be late due to closure of the offices of its auditors, KMPG. Also the stockholders of GraceKennedy Limited were advised that the Annual General Meeting scheduled for last week was postponed to Wednesday, June 2, 2010

INTERNATIONAL
On the international front, U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, as a downgrade of Spain’s debt spurred concern the European credit crisis will worsen. Energy shares also sank on Obama’s announcement of a moratorium on new deepwater drilling permits.

And finally in currencies news, The Euro fell as Fitch Ratings stripped Spain of its AAA credit grade, adding to concern the region’s sovereign-debt crisis will worsen and undermine the global recovery.

The euro gained ground against the U.S. dollar after China denied it was looking to offload its massive euro holdings in light of the continent's debt crisis.

The dollar had soared on Wednesday amid rumours that Beijing would seek to limit it exposure to European debt, but the greenback's upward trend was reversed as Beijing denied the reports.

The euro is at $1.2296, compared with a high of $1.2395 Thursday.

A turbulent week on the currency markets pushed the dollar lower as risk appetite made a tentative return. The British pound was among the currencies to benefit from the noted trend.

The pound rose strongly to $1.4580, from $1.4288 on Thursday.

The euro is trading at $1.2320, up slightly from $1.2308 late Tuesday.

The U.K. pound has continued to weaken against the dollar, as the drop in global stock markets dampens risk sentiment. The pound slumped 0.7% to $1.4330, amid suggestions that the recently announced budget cuts by Chancellor of the Exchequer George Osborne will slow the fragile economic recovery.

The euro is currently trading at $1.2184.

In the U.K., despite releasing its first quarter GDP preliminary reading showing that the reading was revised upwards to 0.3% from 0.2%, the news did not buoy the declining pound, as currently the negative sentiment is much heavier than any economic data.

The pound is currently trading at $1.4280.

The euro fell 1.4 percent to $1.2397 at 7:41 a.m. in New York, from $1.2570 on May 21.

The U.K. pound, like the the euro, is depreciating versus the dollar as currently investors are avoiding higher-yielding assets, and turning to lower-yielding currencies which weighs on the strength on the pound. The debt crisis in the UK is weighing on the outlook of the pound, since it haunts the outlook of the nation.

GBP/USD is currently trading at $1.4420.