Japan's Finance Minister Satsuki Katayama warned of decisive action as the yen fell to a 40-year low near 164 per dollar. This comes as oil prices climb due to Middle East hostilities, fueling inflation fears and boosting safe-haven dollar purchases. The US Treasury also noted yen weakness and undesirable volatility, while market expectations for Federal Reserve rate hikes are rising. A stronger US dollar and higher crude oil prices could pressure international gold rates and potentially impact the USD/PKR exchange rate.
بحوالہ / Source: www.brecorder.com