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Daily Currency Snapshot

• Rupee future maturing on September 28 depreciated on Thursday amid a drop in domestic equity markets. However, a sharp drop in crude oil prices restricted further downside

• The US dollar appreciated on Thursday and hit a 20-year high amid strong economic data from the US. The number of Americans filing new claims for unemployment benefits declined to 232,000 in the week ended August 27 from a downwardly revised 237,000 in the previous period

• The Euro fell almost 1.00% on Thursday amid weak economic data from the eurozone. Eurozone Manufacturing PMI was revised slightly lower to 49.6 in August of 2022, from an initial estimate of 49.7 and compared with July's final 49.8. Output fell at a similar pace to that seen in July • The pound edged lower against the dollar yesterday to its lowest level since March 2020 as storm clouds gathered over the British economy and investors sought safety in the US currency

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