However, the absence of similar signals from other major central banks was weighing on the outlook for oil demand, Moya said. Retail rates vary widely between payment systems, countries and banks, so we encourage you to enquire about the rates your financial institution is actually charging you. OANDA Rates are foreign exchange rates compiled from leading market data contributors. Foreign exchange kiosks and banks often add 5 when you convert hard cash (for the major currencies more for other currencies). Economists polled by Reuters expect no hike at the meeting. OANDA’s Currency Converter allows you to check the latest foreign exchange average bid/ask rates and convert all major world currencies. Federal Reserve skips a rate hike at its next meeting on June 13-14. Some analysts expect oil prices to get a lift if the U.S. Strong factory activity helped Indian fuel consumption surge in May, driving diesel sales to a record high.

This I need to do every day from the currency converter page of Oanda. 'Crude prices didn't get any favours from China as their economic recovery has disappointed,' said Edward Moya, an analyst at OANDA.Īlthough the Chinese economic recovery has been slower than expected, India - the world's third-largest oil consumer - has managed to sustain economic momentum. Hi all, I have a number of currencies (all the currencies that are mentioned in Oanda's currency converter dropdown) in hand and I want to convert those in USD. fuel stocks and weakness in Chinese export data.Įxpectations of tighter supply and higher demand as the United States enters the summer holiday season when more people drive are being offset by worries over a slow pickup in China's fuel demand, Yoshida said. Oil prices had risen early in the week following Saudi Arabia's pledge over the weekend for deep output cuts, but they pared gains on a rise in U.S. and Iran both denied a report by the Middle East Eye that they were close to a nuclear deal.įor the week, they are on track for losses of about 1%, similar to last week.

'Oil prices are expected to stay in a range of about 3 dollars above and below $70 for WTI in the near term,' said Satoru Yoshida, a commodity analyst with Rakuten Securities.īoth benchmarks slid by around $1 on Thursday, rebounding from their earlier losses of more than $3, after the U.S. Not only that, but current or future traders. West Texas Intermediate crude futures eased 22 cents, also a drop of 0.3%, to $70.94. Our USD to ZAR chart provides the opportunity to monitor the performance of this cross currency pair in real time. Once you add the pair (s) you want to use, you’ll apply the data type and select the details to display. dollars to Euros, you would enter: USD/EUR. SINGAPORE: Oil prices looked set to post their second straight weekly loss, as prices continued to fall on Friday over concerns about demand from China and due to scepticism over the United States and Iran striking a nuclear deal.īrent crude futures dropped 26 cents or 0.3% to $75.70 a barrel by 0736 GMT, while the U.S. So, to obtain the exchange rate and details from U.S.

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