The Canadian dollar has fallen against its major counterparts this morning as forex traders call in their profits from recent gains and set their tolerance to risk lower.Speaking to the Financial Times, Nick Bennenbroek, an analyst at Wells Fargo, explained that there had been some disappointment with the latest industrial output figures from China, while new lending figures also suggested that asset markets may be crimped after recent gains."With China seen as the global economy’s main growth engine during the early stages of recovery, that disappointment is weighing on equities and on commodity-based and emerging market currencies," he commented.Of all the commodities-linked currencies, the loonie posted the worst performance this morning, with a 1.1 per cent fall against the dollar.Meanwhile, the New Zealand and Australian dollars also fell as traders moved out of riskier currencies.Since the collapse of Lehman Bros, the US dollar has tended to trade up amid risk aversion as traders flocked to it as a safe-haven currency.However, the Wall Street Journal has this week earlier this week reported that the dollar was trading in line with a new paradigm, with the world's reserve currency moving up on the back of positive macroeconomic data.