The dollar and the pound sterling found support on Wednesday after a sudden revival in corporate activity in the United States and Britain raised the possibility that both countries’ central banks would continue to raise interest rates.<\/p>\n\n\n\n
The euro compensated for some of the losses recorded in the last session, even after the purchasing managers’ index in the euro zone rose to its highest level in nine months at 52.3 in February, supported by surprisingly strong growth in the services sector.<\/p>\n\n\n\n
Data released on Tuesday showed business activity in the United States unexpectedly rebounded in February, hitting an eight-month high and crossing the 50 mark separating growth from contraction for the first time since July.<\/p>\n\n\n\n
The dollar rose broadly, while the sterling reached its latest transactions at $ 1.21015, retaining most of its gains made on Tuesday, which amounted to 0.6 percent.<\/p>\n\n\n\n
The euro rose 0.05 percent to $1.0652, after falling 0.36 percent in the previous session.<\/p>\n\n\n\n
The New Zealand dollar was last up 0.1% at $0.62195, having climbed to a session high of $0.6248 earlier after the New Zealand central bank raised interest rates.<\/p>\n\n\n\n
The Australian dollar fell 0.31% to $0.6835.<\/p>\n\n\n\n
Against the Japanese yen, the dollar fell slightly to 134.91 yen, after hitting a two-month high of 135.23 yen in the previous session.<\/p>\n\n\n\n
The dollar index reached 104.15, after rising 0.3 percent on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
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