Eurozone Inflation Hits 4%, Rate Hike Looms

Eurozone inflation climbed to 4% in October, marking a three-year high, primarily fueled by energy prices which soared over 20%. This significant rise in inflation strengthens expectations for the European Central Bank (ECB) to consider an interest rate hike. Such a move could influence global currency markets, potentially impacting the US Dollar Index (DXY) and, consequently, international gold prices and the USD/PKR rate.

بحوالہ / Source: www.cnbc.com