{"id":106677,"date":"2020-11-18T13:49:31","date_gmt":"2020-11-18T13:49:31","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106677"},"modified":"2020-11-18T13:53:15","modified_gmt":"2020-11-18T13:53:15","slug":"104837-usd-pkr-pakistan-rupee-slips-oil-rallies","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\/","title":{"rendered":"USD\/PKR: Pakistan Rupee Slips, Oil Rallies"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) slips, oil rises 2% on upbeat vaccine news<\/strong><\/li>\n<li><strong>State Bank of Pakistan releases Annual Report<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) falls after weak retail sales<\/strong><\/li>\n<li><strong>Housing starts &amp; permits in focus<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Pakistan Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/PKR<\/a>) exchange rate is advancing on Wednesday after trading flat in the previous session. The pair settled at 157.9 on Tuesday the same level that it opened at. At 12:15 UTC, USD\/PKR trades 0.1% at 158.04.<\/p>\n<p>The State Bank of Pakistan released its Annual Report on the State of the Economy 2019-20. According to the central bank\u2019s report, implementing tough but necessary stabilisation measures during the first 9 months of the fiscal year has put the Pakistan economy on track for a steady recovery.<\/p>\n<p>Elsewhere oil prices are on the rise supported by more upbeat vaccine news. Pfizer announced that its final results showed that its covid vaccine candidate was found to be 95% effective, in line with Moderna\u2019a vaccine candidate and an improvement on its initial 90% effectiveness revealed from initial findings. The news boosted the future demand outlook for, overshadowing a larger than expected build in inventories. Inventories grew 4.2 million barrels, above the 1.8 million forecast.<\/p>\n<p>The US Dollar trades marginally higher versus the Pakistan Rupee; however, it trades marginally lower versus its major peers. The US Dollar index, which measures the greenback versus a basket of major peers trades -0.07% lower.<\/p>\n<p>US Dollar weakness comes following softer than expected retail sales data in the previous session. US retail sales rose +0.3% month on month in October versus 0.5% expected and a significant fall from September\u2019s 1.6% increase. The data shows that US consumption started to slow as covid cases started to rise again, boosting fears that tighter lockdown restrictions could de rail the US economic recovery.<\/p>\n<p>Looking ahead investors could turn towards US housing starts and permits, mid-tier data for further clues over the health of the US economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) slips, oil rises 2% on upbeat vaccine news State Bank of Pakistan releases Annual Report US Dollar (USD) falls after weak retail sales Housing starts &amp; permits in focus The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is advancing on Wednesday after trading flat in the previous session. The pair settled at [&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-106677","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: Pakistan Rupee Slips, Oil Rallies - 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\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\/\" \/>\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\\\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Pakistan Rupee Slips, Oil Rallies\",\"datePublished\":\"2020-11-18T13:49:31+00:00\",\"dateModified\":\"2020-11-18T13:53:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\\\/\"},\"wordCount\":319,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\\\/#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\\\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104837-usd-pkr-pakistan-rupee-slips-oil-rallies\\\/\",\"name\":\"USD\\\/PKR: Pakistan Rupee Slips, Oil Rallies - 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