EUR/USD traded mostly flat on Wednesday, drifting around 1.1800 during the European and American sessions. Fiber pulled back from last week's four-year high near 1.2020 but continues to hold comfortably near the 1.18 handle.
The NZD/USD pair struggles to capitalize on the previous day's move higher and attracts some sellers during the Asian session on Wednesday in reaction to mixed employment details from New Zealand.
Rabobank's report discusses the strengthening of the Chinese Renminbi (CNY) against the Dollar, driven by China's efforts to internationalize its currency. The report notes Xi Jinping's ambitions for the CNY to become a global reserve currency and the implications this has for the Dollar's status.