UK manufacturing growth hits 13-month low in March
- US will draw down 180 million barrels over six months, in unprecedented government intervention in oil markets following Russia’s invasion of Ukraine. Crude prices fell about 4% on the news
- British manufacturing expanded in March at the weakest pace in 13 months and price pressures, which had previously shown some signs of moderating, worsened, a survey showed
- The dollar extended a rebound versus major peers, also resuming its rally against the yen, ahead of a key US jobs report that could cement the potential for a 50 basis-point Federal Reserve interest rate hike
- WTI/USD dove 5.9%
- BTC/USD plummeted 2.9%
- XAU/USD gained 0.5%
