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Special OPEC meeting to be held this month – Ecuador President

FXStreet (Mumbai) - As per Wall Street Journal reports, Ecuador President said today that a special OPEC meeting is to be held this month.

Similar comments from the weaker OPEC nations and non-OPEC producers have hit the wires repeatedly in the last two weeks. However, the likelihood of such a meeting is low, as stated by Saudi and OPEC delegates.

Earlier today, Russian official also said that there are no plans for an OPEC and non-OPEC meeting.

NZD/USD extends gains to fresh 1-month highs

The kiwi is among the best performers on Wednesday, alongside other commodity currencies, as the greenback extends weakness following dovish comments from Fed’s Dudley at the beginning of the New York session.
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United States ISM Non-Manufacturing PMI came in at 53.5, below expectations (55.1) in January

United States ISM Non-Manufacturing PMI came in at 53.5, below expectations (55.1) in January
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