OMR/PKR Exchange rate
Editors’ Picks
AUD/USD going nowhere in a hurry; remains stuck in a multi-week-old range
AUD/USD extends the range play on Friday and remains below the 200-day SMA pivotal resistance as the RBA's dovish outlook and renewed US-China trade tensions undermine the Aussie amid a modest USD recovery. However, Fed rate cut bets cap the upside for the USD, which, along with a positive risk tone, acts as a tailwind for the currency pair.
USD/JPY ticks lower as Japan’s strong inflation print lifts BoJ rate hike bets
USD/JPY attracts fresh sellers during the Asian session on Friday following the release of hot consumer inflation figures from Japan, which keeps the door open for more interest rate hikes by the BoJ. Moreover, trade uncertainties and geopolitical risks underpin the JPY and weigh on the currency pair amid the lack of follow-through USD buying.
Gold trades with mild positive bias below two-week top set on Thursday
Gold price edges higher following the previous day's pullback from a two-week high amid a combination of supporting factors. Concerns about the US economic growth and fiscal health, along with renewed US-China trade tensions and geopolitical risks, benefit the XAU/USD's safe-haven status. Moreover, subdued USD price action and Fed rate cut bets support the non-yielding yellow metal.
Why Bitcoin is not equal to Gold
On March 6, 2025, U.S. President Donald Trump signed an executive order establishing a strategic Bitcoin reserve and digital asset stockpile for the United States government.
FOMO vs fundamentals: Retail buys the dip, institutional investors stay cautious
Retail optimism is rising, but institutions are still treading carefully amid lingering macro and earnings risks. Policy and fiscal uncertainty remain elevated, with trade tensions, U.S. debt concerns, and a cautious Fed dominating the backdrop.