Forex

03/1/2018            10:30 am   

  • The Australian and New Zealand dollars edged lower against their U.S. counterpart on Wednesday, as the mildly recovered from recent losses for the first trading week of the year.
  • The euro eased on Wednesday to take a breather from a rally prompted by optimism over the euro zone's economy and expectations the European Central Bank will wind down its bond-buying stimulus in 2018.
  • Pound Sterling’s (GBP) strength was limited on Tuesday as investors reacted to Markit’s UK manufacturing report, which fell slightly short of forecasts that it would come in at 58. The index slowed from 58.2 to 56.3 in December.
  • The Canadian dollar last stood at C$1.2521 per U.S. dollar. It briefly rose to C$1.2500 early on Wednesday, matching Tuesday's peak and its highest level since Oct. 20.
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