The dollar stabilized amid escalating US-Iran tensions, which pushed Brent crude futures over 1.3% to $95.31 a barrel and lifted US Treasury yields to a 17-month high. Surging oil prices are fueling inflation concerns, potentially increasing the odds of further Federal Reserve interest rate hikes. Meanwhile, the yen remained near a 40-year low against the strong dollar. This global trend of a stronger dollar and elevated oil prices could pressure international gold rates and contribute to inflationary pressures in Pakistan, potentially affecting the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com