Business Recorder reported that the US dollar steadied in Asian trading on Tuesday as currency markets awaited October inflation figures from the United States. Economists expect annual headline inflation of 3.9% and core inflation of 2.8%; a higher reading could strengthen expectations of further Federal Reserve rate increases. The dollar had slipped earlier after oil…

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    Business Recorder reported that the US dollar steadied in Asian trading on Tuesday as currency markets awaited October inflation figures from the United States. Economists expect annual headline inflation of 3.9% and core inflation of 2.8%; a higher reading could strengthen expectations of further Federal Reserve rate increases. The dollar had slipped earlier after oil…

    Business Recorder reported on Tuesday, November 10, that gold prices in Pakistan declined as the international market also weakened. The local rate for one tola stood at Rs430,836 after a daily drop of Rs1,500, while the 10-gram price slipped Rs1,286 to Rs369,372, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).