USDINR
May Day
Weekly Trend: In range
Fx Market Highlights
Japan Factory Activity Shrinks the Least in 8 Months
Irish Manufacturing Shrinks the Most in 9 Months.
South Korea Export Growth Strongest in 3 Months
New Zealand Jobless Rate Increases to 3-Year High in Q1
Ukraine Current Account Deficit Largest in 8 Months
Top currency losers
Brazilian Real (-1.48%), New Zealand Dollar (-1.40%) and Australian Dollar (-1.34%).
Gains are led by.
Dollar Index (0.59%). In addition, there was a slight change on Japanese Yen (-0.92%), British Pound (-0.55%) and Euro (-0.44%).
THE OIL
Oil prices fell for a third day on Wednesday on rising crude inventories and production in the U.S., the world's biggest oil consumer, along with increasing hopes of a ceasefire agreement in the Middle East.
U.S. crude supply is also showing signs of ramping up, with production rising to 13.15 million barrels per day (bpd) in February from 12.58 million bpd in January in its biggest monthly increase in about 3-1/2 years, the Energy Information Administration said on Tuesday.
Expectations that a ceasefire agreement between Israel and Hamas could be in sight, following a renewed push led by Egypt to revive stalled negotiations between the two, pushed oil prices lower. An end to the war would reduce concerns of a broadening of the conflict that could disrupt supply from the Middle East.
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