China's yuan rose against the US dollar following the central bank's firmer official guidance, with investors now focused on upcoming policy cues from the Politburo meeting. The US dollar, meanwhile, maintained a near one-week high as markets assessed mixed signals from the Middle East, impacting energy supply concerns. The People's Bank of China appears comfortable with the USD/CNY trading within a 6.75-6.80 range. A stronger US dollar could exert downward pressure on international gold prices, potentially influencing local gold rates and the USD/PKR exchange rate in Pakistan.
بحوالہ / Source: www.brecorder.com