Dollar Nears One-Week High Amid Gulf Tensions, Oil Swings & Inflation Fears

Dollar Nears One-Week High Amid Gulf Tensions, Oil Swings & Inflation Fears

The US dollar index held steady at 100.96, near a one-week high, as markets grappled with conflicting Middle East signals and renewed fears over energy supplies. Oil prices are experiencing sharp swings near six-week highs, pushing US Treasury yields up, with the 10-year at 4.5937%, on inflation concerns. This international dollar strength and rising crude oil prices could exert upward pressure on USD/PKR and potentially bolster local gold prices in Pakistan.

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