{"id":107677,"date":"2021-01-08T11:00:15","date_gmt":"2021-01-08T11:00:15","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=107677"},"modified":"2021-01-08T11:53:53","modified_gmt":"2021-01-08T11:53:53","slug":"105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\/","title":{"rendered":"USD\/PKR: Rupee Declines, Trade Deficit Widens, US NFP Up Next"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) snaps 2 day winning streak<\/strong><\/li>\n<li><strong>Trade deficit widened 32% in December YoY<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) strengthens across the board on stimulus optimism<\/strong><\/li>\n<li><strong>US NFP to shows slowing pace of gains<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Pakistan Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/PKR<\/a>) exchange rate is advancing on Friday, snapping a two day losing streak. The pair settled lower on Thursday -0.2% at 160.25. At 09:45 UTC, USD\/PKR trades +0.35% at 160.25. The pair is on track to gain 0.3% across the week.<\/p>\n<p>According to the Pakistan Bureau of Statistics Pakistan\u2019s trade deficit widened by 32% in December compared to the same period the previous year. The deficit widened to $2.683 billion, up from $2.032 billion. \u00a0On a monthly basis, the trade deficit increased 25.5% in December from November.<\/p>\n<p>Exports witnessed an 18% increase in December to $2.352 billion, up from $1.988 billion the year before.<\/p>\n<p>Meanwhile, imports registered growth of 25.5% increasing to $5.035 billion in December, up from $4.030 billion in December 2020.<\/p>\n<p>The US Dollar is pushing higher across the board amid growing optimism that a Democratic President and Democrat control over the House of Representative and the Senate will result in a large fiscal stimulus package.<\/p>\n<p>Attention will now turn to the US Labour Department\u2019s closely watched jobs report.<\/p>\n<p>Analysts expect the report to show that the pace of hiring decelerated in December as tighter covid restrictions continued to hit businesses.<\/p>\n<p>Forecasts are for just 71,000 new jobs to have been added in December, down steeply from 245,000 in November. However, the unemployment rate is expected to tick lower to 6.7%. Analysts forecast a 0.2% month on month increase in average hourly earnings.<\/p>\n<p>The lead indicators this week point to a weaker than forecast NFP reading with Challenger Job cuts, initial jobless claims and ISM services PMI employment subcomponent all disappointing.<\/p>\n<p>A weak reading could boost the US Dollar if invrstors believe that it will strengthen the case for additional fiscal stimulus.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) snaps 2 day winning streak Trade deficit widened 32% in December YoY US Dollar (USD) strengthens across the board on stimulus optimism US NFP to shows slowing pace of gains The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is advancing on Friday, snapping a two day losing streak. The pair settled lower [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83121,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[1864,1398,1866],"class_list":{"0":"post-107677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-pkr","10":"tag-usd","11":"tag-usd-pkr"},"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 Declines, Trade Deficit Widens, US NFP Up Next - 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\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\/\" \/>\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\\\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Declines, Trade Deficit Widens, US NFP Up Next\",\"datePublished\":\"2021-01-08T11:00:15+00:00\",\"dateModified\":\"2021-01-08T11:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/pakistani-rupee-usd-exchange.jpg\",\"keywords\":[\"pkr\",\"usd\",\"usd\\\/pkr\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105200-usd-pkr-rupee-declines-trade-deficit-widens-us-nfp-up-next\\\/\",\"name\":\"USD\\\/PKR: Rupee Declines, Trade Deficit Widens, US NFP Up Next - 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