The dollar opened the day higher for the third consecutive day, this comes after lower-than-expected retail sales data in the US were published yesterday. There is no relevant data today because it is a holiday in the US.
The price of the dollar, in next day trading due to a holiday in the US, opened at $4,168.21, placing it $66.3 above the Representative Market Rate, which for today is $4,101.87.
Oil prices
According to Reuters, Oil prices were little changed on Wednesday, remaining near their highest levels in seven weeks, as the market weighed concerns about escalating conflicts against fears about demand following the unexpected increase in crude oil inventories in the United States.
The Brent reference barrel rose 0.11% and stood at US$85.42, while the WTI reference rose 0.02% and reached US$81.59.
US crude oil inventories increased by 2.264 million barrels in the week ending June 14, market sources reported on Tuesday, citing figures from the American Petroleum Institute. Analysts polled by Reuters expected a decline of 2.2 million barrels in crude oil inventories.
However, gasoline inventories fell by 1,077 million barrels, while those of distillates rose by 538,000 barrels, said the sources, who spoke on condition of anonymity.
