by furqanThe Pakistani rupee edged up 0.01% against the US dollar on Wednesday.
On Tuesday the Pakistani rupee settled at 277.85 against the dollar.
The US dollar remained near a one‑month high on Wednesday as renewed Middle East hostilities pushed safe‑haven demand and traders awaited a key Federal Reserve interest‑rate decision later in the day.
The Australian dollar fell after inflation data missed expectations, lowering the odds of further RBA rate hikes, slipping 0.37% to $0.69475. The euro edged up 0.03% to $1.1389 after hitting a one‑month low in the prior session. Sterling eased 0.03% to $1.3287, near its weakest level since July 1, while the New Zealand dollar dipped 0.08% to $0.5783.
Oil prices surged nearly 7% as major airstrikes in the Middle East rekindled geopolitical risk and industry data showed a drawdown in US crude inventories. By 1335 GMT, Brent was up $5.70 (6.8%) at $89.79 a barrel and US WTI rose $4.94 (6.2%) to $84.20 a barrel.