Dollar Gains on Iran Doubts, Fed Hike Speculation Ahead of US Jobs Data

The dollar strengthened amid uncertainty surrounding an Iran peace deal, boosting its safe-haven appeal, and higher Treasury yields following reports of potential Federal Reserve rate hikes. Brent crude also rose due to Strait of Hormuz tensions, further supporting the dollar. Investors are now keenly awaiting the monthly US payrolls report for clues on the Fed's future monetary policy path. This confluence of factors suggests potential pressure on international gold prices and could influence the USD/PKR exchange rate in Pakistan.

بحوالہ / Source: www.brecorder.com