The jittery sentiment is still prevailing markets as the approval of the U.S. debt ceiling increase and cut in budget deficit plan revived concerns the U.S. will lead global economies into sluggish growth.

The Senate will vote on the plan today, yet the slowdown in manufacturing growth in July by global major economies ignited fears the sluggish pace would continue in the third quarter.

Yesterday, data released showed from global economies showed that Chinese manufacturing growth slowed to 50.7 in July from the prior 50.9. European manufacturing showed further decline in July where it recorded 50.4 in July from 52.0, while U.K. manufacturing sector contracted to 49.1 in July relative to the revised 51.4. In the U.S., the reading retreated sharply to 50.9 from 55.3.

Accordingly, investors resorted to low-yielding currencies, where the franc was the biggest winner today, especially after the improvement in Swiss retail sales for June and manufacturing for July, as seen by the data released today.

The yen also rose against majors except the dollar as speculations are increasing the BoJ would intervene once again in FOREX market to prevent the yen's appreciation which would hamper growth that is still impacted by March's devastating quake.

On the other hand, the greenback advanced for a second day against a basket of major currencies to 74.55 compared with the day's starting level of 74.33, according to the dollar index gauge, before the release of a report later in the day expected to signal that U.S. personal spending lingered in June.

In the euro area, European debt crisis concerns reawakened with the fall of Spanish and Italian bonds and the rise of their yields to record high versus German bonds, pushing the euro to lowest level since July 21 against the green currency and the longest stretch of loses against the yen in nearly three months.

With regard the euro-dollar pair, it fell for a second day to trade around 1.4185 after the breakout of support at 1.4220 levels, while recording a high of 1.4282 and a low of 1.4158.

The trading range for today is among the major support at 1.4070 and the major resistance at 1.4425.

Moving to the British pound versus the yen, it is currently trading near the day's opening level around 125.90 as the better-than-estimated slowdown in U.K. construction helped the pound to pare its earlier losses.

PMI construction showed an ease in expansion to 53.5 from the prior 53.6, above expectations of 53.1, offsetting some of the grim manufacturing report.

So far, the pair has touched a high of 126.95 and a low of 125.52, whereas the trading range for the day among the major support at 123.30 and the major resistance at 128.15.

Concerning the USD/CHF pair, it continued its southern bearish direction, heading to a new record low of 0.7756, where it is currently trading at 0.7789 after falling from a high of 0.7855.

The trading range for today is among the major support at 0.7665 and the major resistance at 0.8030.