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Australian Dollar Falls Again on Economic Concerns
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The Australian dollar fell on Wednesday after a domestic consumer confidence index raised new concerns about the economic slowdown.
Sterling was among the most heavily traded currencies in the money markets, rising half a percent in the hope that British MPs would refuse to break away from the European Union without a deal in Wednesday's vote.
Other currency markets were mostly calm during early trading in London, with investors cautious as risk aversion extended from Asia to Europe.
Australia's consumer confidence index fell to its lowest level in more than a year in March, boosting signs of a weak economy.
The Australian dollar fell half a percent to $ 0.70495, but still above its two-month low of $ 0.7003 last week.
The New Zealand dollar was down 0.4 percent at $ 0.6830.
The dollar index, which measures its performance against a basket of rival currencies, rose 0.1 percent to 96.994, while the euro was little changed to settle at $ 1.1287.
The Japanese currency also settled at 111.36 yen against the US dollar.
Sterling rose 0.6 percent against the US dollar and the euro as traders bet that the British parliament would refuse on Wednesday to withdraw from the EU without an agreement.
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