The Pound Sterling (GBP) is also quietly consolidating in a tight range just above the psychologically important 1.30 level and finding some modest support following the release of slightly better than expected final services and composite PMI’s (printing marginally above expectations in the low 50s
New Zealand Dollar (NZD) recovered after soft Q3 labor data signaled weakening employment, with markets fully pricing in a November RBNZ rate cut, BBH FX analysts report.
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.40 per barrel, up from Tuesday’s close at $60.23.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.19 price posted on Tuesday, and trading at $64.37.