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Travelex restores some electronic services after cyber attack

BENGALURU: Travelex is restoring operations to process foreign exchange orders electronically, it said, almost two weeks after cyber hackers took hold of its systems, leading to a global blackout of its online services.

The Global Forex Market

The dollar appreciated 0.63% to 97.45 largely driven by resilient economic data which includes December’s The Institute of Supply Management (ISM) non-manufacturing purchasing managers’ index (PMI) coming in better than expected, accelerating to a four-month high of 55.0 from 53.9 in November (cons: 54.5) supported by higher production and inventories, and rising optimism over a potential trade resolution.