shift in its policy framework at the Jackson Hole summit<\/a>. The central bank has softened its approach to handling inflation meaning that interest rates will remain lower for longer. This is dragging on demand for the US Dollar across the board.<\/p>\nWeaker oil prices are adding support the Pakistan Rupee after hurricane Laura quickly moved inland avoiding widespread damage to oil refineries.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Dollar Pakistani Rupee (USD\/PKR) dropped sharply in the previous session hitting a two week low of 166.47. The pair continues to hover at this level. The Fed announced a shift in its policy framework at the Jackson Hole summit. The central bank has softened its approach to handling inflation meaning that interest rates […]<\/p>\n","protected":false},"author":163946597,"featured_media":4357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[2597,1864,1397,1398],"class_list":{"0":"post-103908","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-pakistan-rupee","10":"tag-pkr","11":"tag-us-dollar","12":"tag-usd"},"acf":[],"yoast_head":"\n
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