{"id":105622,"date":"2020-10-06T11:21:39","date_gmt":"2020-10-06T10:21:39","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105622"},"modified":"2020-10-06T11:27:22","modified_gmt":"2020-10-06T10:27:22","slug":"104467-usd-pkr-rupee-steady-trade-deficit-widens","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/","title":{"rendered":"USD\/PKR: Rupee Steady, Trade Deficit Widens"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistani Rupee<\/a> (PKR) treads water for a second day<\/strong><\/li>\n<li><strong>Trade deficit widens to $5.8 billion<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) calm is subdued trading after Trump is released from hospital<\/strong><\/li>\n<li><strong>US stimulus optimism caps gains in greenback<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Pakistani Rupee (<a href=\"https:\/\/currencylive.com\/exchange-rate\/\">USD\/PKR<\/a>) exchange rate is trading flat in quiet trading. The pair settled just a few pips higher on Monday at 163.92, just above the low of the day. At 10:15 UTC, USD\/PKR trades again just a few pips higher at 193.95.<\/p>\n<p>According to the Pakistan Bureau of Statistics, Pakistan\u2019s exports declined -0.94% during July \u2013 September compared to the same period last year, falling from $5.51 billion to $5.46 billion. The data also revealed that imports grew 0.56% during the same period from $11.2 billion in July \u2013 September last year to $11.26 billion in 2020. On a monthly basis imports also picked up jumping 28.2% from $3.32 billion to $4.26 billion.<\/p>\n<p>As a result of slowing exports and rising imports Pakistan\u2019s trade deficit swelled by over 2% to $5.8 billion compared to $5.69 billion in the same period a year earlier.<\/p>\n<p>The US Dollar is trading in a muted manner on Tuesday versus its major peers, after experiencing a large selloff in the previous session. Demand for the safe haven US Dollar was weak as investors cheered the news that President Donald Trump had been discharged from the Walters Reed Medical Centre where he was receiving treatment for Covid-19.<\/p>\n<p>With Trump back in the White House an element of uncertainty has been removed for the political picture and the elections. Trump said he intends to participate in the next Presidential debate on 15<sup>th<\/sup> October.<\/p>\n<p>Optimism surrounding US stimulus is also keeping the US Dollar on the back foot versus its major peers. House Speaker Nancy Pelosi and US Treasury Secretary Steve Mnuchin continue talks to try to reach a bipartisan agreement after the latest round of US stimulus expired at the end of the summer.<\/p>\n<p>There is little on the US economic calendar for investors to watch. Attention will turn to a speech by Federal Reserve Chair Jerome Powell.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistani Rupee (PKR) treads water for a second day Trade deficit widens to $5.8 billion US Dollar (USD) calm is subdued trading after Trump is released from hospital US stimulus optimism caps gains in greenback The US Dollar Pakistani Rupee (USD\/PKR) exchange rate is trading flat in quiet trading. The pair settled just a few [&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":[2597,1864,3306,1400,1397,1398],"class_list":{"0":"post-105622","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-trade-defiicit","12":"tag-trump","13":"tag-us-dollar","14":"tag-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 Steady, Trade Deficit Widens - 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\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/\" \/>\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\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Steady, Trade Deficit Widens\",\"datePublished\":\"2020-10-06T10:21:39+00:00\",\"dateModified\":\"2020-10-06T10:27:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/\"},\"wordCount\":343,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"keywords\":[\"Pakistan Rupee\",\"pkr\",\"trade defiicit\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/\",\"name\":\"USD\\\/PKR: Rupee Steady, Trade Deficit Widens - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate.jpg\",\"datePublished\":\"2020-10-06T10:21:39+00:00\",\"dateModified\":\"2020-10-06T10:27:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#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\\\/104467-usd-pkr-rupee-steady-trade-deficit-widens\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/PKR: Rupee Steady, Trade Deficit Widens\"}]},{\"@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 Steady, Trade Deficit Widens - 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\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/PKR: Rupee Steady, Trade Deficit Widens","datePublished":"2020-10-06T10:21:39+00:00","dateModified":"2020-10-06T10:27:22+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/"},"wordCount":343,"image":{"@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","keywords":["Pakistan Rupee","pkr","trade defiicit","trump","us dollar","usd"],"articleSection":["PKR","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/","url":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/","name":"USD\/PKR: Rupee Steady, Trade Deficit Widens - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/usd-pkr-exchange-rate.jpg","datePublished":"2020-10-06T10:21:39+00:00","dateModified":"2020-10-06T10:27:22+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#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\/104467-usd-pkr-rupee-steady-trade-deficit-widens\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/PKR: Rupee Steady, Trade Deficit Widens"}]},{"@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\/105622","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=105622"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105622\/revisions"}],"predecessor-version":[{"id":105625,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/105622\/revisions\/105625"}],"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=105622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=105622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=105622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}