Sidebar Loop Shows Page Excerpt

I’m working on a theme that has a sidebar that shows the title, date and excerpt of the latest posts.

The title and dates are shown properly, however the excerpt instead shows the current page excerpt instead.

For example, viewing the homepage, each excerpt is instead the first bit of the homepage instead of each post.

The code is:

<ul>
			<?php
			global $post;
			$myposts = get_posts('numberposts=3');
			foreach($myposts as $post) :
			?>

<li><a>" title="<?php the_title(); ?>"><?php the_title(); ?></a><?php the_time('F jS, Y') ?><div class="sidebar-excerpt"><?php the_excerpt() ?></div></li>
			<?php endforeach; ?>
			</ul>

The site is eurofx.thefra.me

Any help would be most appreciated. Thanks!