The Rupee opened to weaken further on Wednesday, pressured by renewed upward bias in oil prices despite U.S. President ?Donald Trump extending the ceasefire with Iran indefinitely. Tuesday's move knocked out the rupee's short-term upward bias, a ?spot FX trader said, adding that oil's push back toward $100 ?will make any relief rally difficult and contained. Brent crude slipped only marginally to $98.28 in Asia trading, holding on to most ?of its 8.5% rally from the past two sessions, with traders largely ?shrugging off Trump's decision to extend the ceasefire indefinitely. The move appeared unilateral, and it was not ?immediately ?clear whether Iran, or U.S. ally Israel, would agree to extend the truce, which began two weeks back. While oil markets were largely unmoved by U.S. President Donald Trump's ceasefire extension, risk assets received a modest fillip. U.S. equity futures moved higher, ?while ?Asian equities were mixed with no major ?losses. The dollar index was little changed at 98.35 and 10-year U.S. Treasury yield were holding near ?4.30%, well within its recent range. The dollar was steady and briefly hit a one-week high in Asian ?trade on Wednesday, as scepticism about U.S. President Donald Trump's announcement of an indefinite extension of a ceasefire with Iran lifted ?demand for the safe-haven currency. The U.S. dollar index , which measures the greenback's strength against a basket of six ?currencies, retreated to 98.367 after earlier in the day touching its highest level since April 13. Most other currencies were unchanged after ?the ceasefire extension. The euro was steady at $1.1742 and the British pound was flat at $1.3511. The Australian dollar nudged up 0.1% to $0.7157 and the New ?Zealand dollar was 0.2% higher at $0.5907. Against the yen , the U.S. dollar was flat at 159.35 yen after data earlier showed Japan's exports rose for a seventh straight month, defying any major impact from disruptions caused by the Gulf conflict. Traders are dialling down expectations of when the Federal Reserve could next ease monetary policy, and they still lack conviction over the prospect of rate cuts ?until deep ?into 2027. Fed funds futures are pricing in an implied 59.7% probability that the ?U.S. central bank will hold rates steady as late as its meeting ending on April 28 next year, compared to a 56.7% chance of a cut the previous day, according ?to the CME Group's FedWatch tool. Oil prices turned lower on Wednesday ?after rising about $1 at the start of trade in Asia, with investors assessing the outlook for ?U.S.-Iran peace talks following the U.S. extension of ceasefire. Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas Intermediate futures fell 28 cents, or 0.3%, to $89.39, after climbing as high ?as $90.71.......