The Australian and New Zealand dollars held near multi-week peaks against the yen and euro, remaining firm against the US dollar, as rising oil prices intensified inflation concerns. This has led to increased market expectations for further rate hikes by the Reserve Bank of New Zealand and potentially the Reserve Bank of Australia. Bond yields climbed to two-month highs amid fears that the Gulf conflict will sustain higher inflation, prompting investors to abandon bets for policy easing next year. For Pakistan, sustained high oil prices could pressure the import bill, potentially impacting the USD/PKR exchange rate and domestic inflation.
بحوالہ / Source: www.brecorder.com