{"id":101286,"date":"2020-06-18T06:03:40","date_gmt":"2020-06-18T10:03:40","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101286"},"modified":"2020-06-18T08:37:36","modified_gmt":"2020-06-18T12:37:36","slug":"103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/","title":{"rendered":"USD\/PKR: Rupee Continues Downward Trend Amid Budget Criticism"},"content":{"rendered":"<ul>\n<li><strong>Pakistan\u2019s Budget comes into effect at the start of next month<\/strong><\/li>\n<li><strong>The Budget has drawn fierce criticism with servicing debt and defence the largest expenses<\/strong><\/li>\n<li><strong>US Jobless claims are expected to show a slow improvement in the US labour market<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/news\/currency\/usd\/\">US Dollar<\/a> <a href=\"https:\/\/currencylive.com\/news\/currency\/pkr\/\">Pakistani Rupee<\/a> exchange rate (<a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-pkr-exchange-rate-today\/\">USD\/PKR<\/a>) rises to test resistance at 166.00<\/strong><\/li>\n<\/ul>\n<p>The Pakistani Rupee is extending losses for a third consecutive day on Thursday, hitting a 2-month low at 166.00.<\/p>\n<p>At 09:15 UTC, USD\/PKR is trading + 0.2% at 166.00. This is at the top end of the daily traded range as risk sentiment remains weak and ahead of US jobless claims data.<\/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 Pakistan Rupee continues its downward trend as attention turn to Imran Khan\u2019s Budget for fiscal year 2020 \u2013 21. The government has unveiled its ambitious federal budget which will begin on July 1<sup>st<\/sup>.<\/p>\n<p>The budget sees most spending go to servicing debt (40%) and defence (18%, up from 12%). Interestingly it also forecasts GDP growth projected at 2.1% growth, despite many saying the coronavirus crisis will fuel a major recession. \u00a0A deficit of just 7% of GDP is being forecast, down from 9.4% and no new taxes have been levied. The budget is attracting its fair share of criticism from opposition parties.<\/p>\n<p>Analysts are expecting US jobless claims to increase by 1.3 million, down from last weeks 1.5 million. This will be the lowest level of Americans seeking unemployment benefits in 3 months since the coronavirus crisis started. However, it will also be six times the level of initial jobless claims in February, pre-pandemic.<\/p>\n<p>Continuing claims track the level of Americans being hired. As more Americans are hired, the number of continuing claims fall. Continuing claims are expected to decline to 19.8 million, down from 20.9 million last week. Whilst this is a step in the right direction, it is a frustratingly slow pace of re-hiring which dampens hopes of a quick economic recovery.<\/p>\n<p>A better than forecast jobless claims report could see the US Dollar decline as risk sentiment improves. However, a worse than expected report could see risk appetite drop, boosting the safe haven US Dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan\u2019s Budget comes into effect at the start of next month The Budget has drawn fierce criticism with servicing debt and defence the largest expenses US Jobless claims are expected to show a slow improvement in the US labour market US Dollar Pakistani Rupee exchange rate (USD\/PKR) rises to test resistance at 166.00 The Pakistani [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82321,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[],"class_list":{"0":"post-101286","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/PKR: Rupee Continues Downward Trend Amid Budget Criticism - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Continues Downward Trend Amid Budget Criticism\",\"datePublished\":\"2020-06-18T10:03:40+00:00\",\"dateModified\":\"2020-06-18T12:37:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/\"},\"wordCount\":377,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/\",\"name\":\"USD\\\/PKR: Rupee Continues Downward Trend Amid Budget Criticism - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"datePublished\":\"2020-06-18T10:03:40+00:00\",\"dateModified\":\"2020-06-18T12:37:36+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/PKR: Rupee Continues Downward Trend Amid Budget Criticism\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/PKR: Rupee Continues Downward Trend Amid Budget Criticism - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/PKR: Rupee Continues Downward Trend Amid Budget Criticism","datePublished":"2020-06-18T10:03:40+00:00","dateModified":"2020-06-18T12:37:36+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/"},"wordCount":377,"image":{"@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","articleSection":["PKR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/","url":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/","name":"USD\/PKR: Rupee Continues Downward Trend Amid Budget Criticism - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","datePublished":"2020-06-18T10:03:40+00:00","dateModified":"2020-06-18T12:37:36+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103444-usd-pkr-rupee-continues-downward-trend-amid-budget-criticism\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/PKR: Rupee Continues Downward Trend Amid Budget Criticism"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=101286"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101286\/revisions"}],"predecessor-version":[{"id":101293,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/101286\/revisions\/101293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82321"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=101286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=101286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=101286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}