New-Zealand dollar reaches its 2-week minimums.
Asian and European trading session:Euro: During the Asian trading session on Wednesday the EUR/USD pair initially dropped to $1.4142, and then recovered the levels at $1.4274.
British Pound: Today the UK Purchasing Manager index showed a much stronger result, compared to the forecasts (55.4 against the expected 53.2). Therefore, the sterling received support.
The GBP/USD pair demonstrated lows around $1.6245 before recovering to $1.6365 and hitting maximums at of $1.6400.
Japanese Yen: The USD/JPY pair traded in the Y77.00 – Y77.40 range.
Swiss Franc: Swiss franc retreated today from record highs set earlier in relation to the Euro-currency and U.S. dollar.
American trading session:
US Dollar: According to the released data, the ADP employment change increased for 114K in July, which was above expectations. Nevertheless, greenback did not receive substantial support.
New-Zealand Dollar: The New Zealand dollar reached its two-week minimum against the US dollar after the reported milk prices at a minimum for the last eight months.