{"id":100847,"date":"2020-06-04T06:10:28","date_gmt":"2020-06-04T10:10:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=100847"},"modified":"2020-06-04T06:51:31","modified_gmt":"2020-06-04T10:51:31","slug":"103347-usd-pkr-pakistani-rupee-rises-following-positive-comments-from-sbp","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103347-usd-pkr-pakistani-rupee-rises-following-positive-comments-from-sbp\/","title":{"rendered":"USD\/PKR: Pakistani Rupee Rises Following Positive Comments From SBP"},"content":{"rendered":"<ul>\n<li><strong>SBP Governor Reza Baquir sees early signs of economic recovery, boosting <a href=\"https:\/\/currencylive.com\/news\/currency\/pkr\/\">Pakistani Rupee (PKR)<\/a><\/strong><\/li>\n<li><strong>Google mobility data indicates activity is picking up<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/news\/currency\/usd\/\">US Dollar (USD)<\/a> looks to jobless claims data, 19.5% unemployment expected<\/strong><\/li>\n<li><strong>At 10:15 UTC, <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-pkr-exchange-rate-today\/\">USD\/PKR<\/a> is trading -1.17% at 162.75<\/strong><\/li>\n<\/ul>\n<p>The Pakistani Rupee is extending gains for a second straight session on Thursday, paring losses from earlier in the week. The Pakistan Rupee settled on Wednesday +0.5% at 164.67.<\/p>\n<p>At 10:15 UTC, USD\/PKR is trading -1.17% at 162.75 as the Rupee continues to edge away from the 5-week high of 166.05 reached earlier in the week.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-pkr-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time USD to PKR exchange rate<\/span><\/a><\/div>\n<p>The Pakistani Rupee is being supported by upbeat comments from the State Bank of Pakistan\u2019s Governor Reza Baquir, who advised that the Pakistan economy was showing early signs of recovery from the coronavirus crisis.<\/p>\n<p>Reza Baquir said that the economic reforms initiated in June last year have allowed the Pakistan economy to fight against the covid-19 crisis. He added that cross country growth comparisons indicate that Pakistan\u2019s economic outlook is more resilient compared to many other countries.<\/p>\n<p>Google mobility data for 25<sup>th<\/sup> May showed that activity in Pakistan had dropped over 60% owing to coronavirus. However, this is now changing according to Reza Baquir with sectors such as retail, grocery, pharmacies, parks and workplaces showing an increase of activity.<\/p>\n<p>The US Dollar is pushing higher versus its major peers on Thursday, reversing 5 days of losses. Risk sentiment, which has been on the rise over the past week, is taking a breather ahead of key US economic data.<\/p>\n<p>Investors are looking ahead to US jobless claims data. Analysts are expecting US jobless claims to show that unemployment was at 19.5% in May, a level last seen in the great depression of the 1930\u2019s.<\/p>\n<p>The data comes after yesterday\u2019s ADP payroll data which showed that 2.76 million private sector jobs were lost in May. This was well below the 9 million that analysts had forecast and significantly below April\u2019s 25 million, booting the US Dollar.<\/p>\n<p>In addition to the better than forecast data, Trump reiterating that he won\u2019t use the military against protesters on the streets of US cities and a slight easing of tensions with China are underpinning sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SBP Governor Reza Baquir sees early signs of economic recovery, boosting Pakistani Rupee (PKR) Google mobility data indicates activity is picking up US Dollar (USD) looks to jobless claims data, 19.5% unemployment expected At 10:15 UTC, USD\/PKR is trading -1.17% at 162.75 The Pakistani Rupee is extending gains for a second straight session on Thursday, [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82252,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[1536,1867,1864,1882,1397,1398],"class_list":["post-100847","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pkr","category-usd","tag-jobless-claims","tag-pakistani-rupee","tag-pkr","tag-state-bank-of-pakistan","tag-us-dollar","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - 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