#Slumped

Poland’s zloty slumped to the weakest level in nearly three years in a deepening selloff that’s been fueled by investors retreating from risky assets and a conflict between the government and the central bank.

Indonesian stocks slumped to their lowest level in five years and the rupiah hit a record low in another stark reminder of the multi-faceted challenges confronting Southeast Asia’s biggest economy.

Oil slumped for a second day after Axios reported that the US and Iran are getting close to a one-page memorandum of understanding to end the war.