{"id":108096,"date":"2021-01-29T13:04:28","date_gmt":"2021-01-29T13:04:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108096"},"modified":"2021-01-29T13:04:28","modified_gmt":"2021-01-29T13:04:28","slug":"105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\/","title":{"rendered":"USD\/PKR: Pakistan Rupee Slips As Risk Off Dominates"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) snaps a three-day winning streak<\/strong><\/li>\n<li><strong>Investors sell out of riskier assets<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises on safe haven flows amid stock market turmoil<\/strong><\/li>\n<li><strong>US Q4 GDP 4% growth annually<\/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 after three straight losing sessions. The pair settled -0.1% at 159.90. At 12:15 UTC, USD\/PKR trades +0.3% at 160.30.<\/p>\n<p>The Rupee is trending lower amid risk off trading. The mood in the market continues to sour amid lingering concerns over the volatility that the retailer traders short squeeze is having on the market. The risk off mood is seeing investors sell out of riskier assets and currencies, such as the Pakistan Rupee, whilst boosting the demand for the safe haven US Dollar. US stock futures are pointing to a weaker start.<\/p>\n<p>Equities on Wall Street are set for their worst week since the end of October. Hedge funds have been forced to liquidate positions to raise funds to cover their short positions following a surge of buying demand from retail traders. GameStop started the movement which has since spread to include AMC Entertainment, American Airlines, Blackberry among others.<\/p>\n<p>The elevated levels of volatility have sent investors in search of the US Dollar for its safe haven properties.<\/p>\n<p>Yesterday Q4 US GDP data showed that the economy expanded in the final quarter of the year but at a much slower pace of 4% annually. Across 2020 year as a whole the economy was left -2.5% smaller owing to the pandemic hit.<\/p>\n<p>Expectations are the US economy to advance strongly in the coming year growing at around 5.5%. The economy is expected to reclaim its pre-pandemic size in the second quarter of this year.<\/p>\n<p>Looking ahead personal consumption numbers will be in focus. Analysts forecast 0.1% increase month on month in December, up from 0% growth the previous year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) snaps a three-day winning streak Investors sell out of riskier assets US Dollar (USD) rises on safe haven flows amid stock market turmoil US Q4 GDP 4% growth annually The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is advancing on Friday after three straight losing sessions. The pair settled -0.1% at 159.90. [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82330,"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-108096","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: Pakistan Rupee Slips As Risk Off Dominates - 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\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\/\" \/>\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\\\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Pakistan Rupee Slips As Risk Off Dominates\",\"datePublished\":\"2021-01-29T13:04:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\\\/\"},\"wordCount\":313,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange-rate-1.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\\\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105321-usd-pkr-pakistan-rupee-slips-as-risk-off-dominates\\\/\",\"name\":\"USD\\\/PKR: Pakistan Rupee Slips As Risk Off Dominates - 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