Eurozone Yields Retreat, Euro Near 17-Month Low Amid Fiscal Concerns

European stocks rose 0.8% as Eurozone bond yields retreated after recent rallies driven by fiscal and inflation worries. Despite the easing yields, the euro hovered near a 17-month low, pressured by political uncertainty in Spain and France's efforts to address its budget deficit. This sustained weakness in the euro contributes to a stronger US dollar, which could exert downward pressure on international gold prices and potentially influence the USD/PKR rate.

بحوالہ / Source: www.brecorder.com