The current price movements are likely part of a range-trading phase between 0.6550 and 0.6605. In the longer run, the price action continues to suggest AUD strength; the next level to watch is 0.6630, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $59.93 per barrel, down from Wednesday’s close at $60.21.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.89 after its previous daily close at $64.20.
The Indian Rupee (INR) opens close to Wednesday’s low around 88.60 against the US Dollar (USD) on Thursday. The USD/INR pair holds onto the previous day’s gains even as the US Dollar trades lower