{"id":108271,"date":"2021-02-05T11:29:04","date_gmt":"2021-02-05T11:29:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108271"},"modified":"2021-02-05T11:29:04","modified_gmt":"2021-02-05T11:29:04","slug":"usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\/","title":{"rendered":"USD\/PKR: Pakistan Rupee Pares Gains Ahead Of US NFP"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) pares gains from previous session<\/strong><\/li>\n<li><strong>Oil trades at yearly high<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) gains almost 1% across the week<\/strong><\/li>\n<li><strong>US NFP expected to show 50k jobs added<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Pakistan Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/PKR<\/a>) exchange rate is advancing paring losses from the previous session. The pair settled -0.25% lower on Thursday at 159.5 a 10 month low. At 10:15 UTC, USD\/PKR trades +0.3% at 160.25.<\/p>\n<p>The Pakistan Rupee is edging lower tracing domestic equities southwards. The benchmark Karachi 100 index closed the week 27 points lower at 46,905.<\/p>\n<p>Oil prices are on the rise. West Texas Intermediate trades +1% at the time of writing at $56.85 its highest level in a year supported by hopes of a quicker economic recovery and the ongoing supply curbs by the OPEC+ group.<\/p>\n<p>The US Dollar is slipping mildly lower on Friday after a strong week of gains. The US Dollar Index trades at -0.15% at the time of writing, although it has gained almost 1% across the week as sentiment surrounding the greenback improved.<\/p>\n<p>The US dollar has been boosted by rising treasury yields amid progress with the US vaccine rollout and as hopes of huge fiscal spending in 2021 fuel economic recovery optimism.<\/p>\n<p>Attention will now turn to the closely watched US non farm payrolls report. Expectations are for 50,000 jobs to have been added in the US in January. The economy lost 140,000 jobs in December in the first negative print since April.<\/p>\n<p>The data across this week has been encouraging. The ADP private payroll print was significantly ahead of expectations increasing by 174,000 against the 50,000 that analysts forecast.<\/p>\n<p>Initial jobless claims were also lower than forecast at 779,000, less than the 830,000 expected. Finally the employment sub-component of the ISM non-manufacturing PMI showed strong gains.<\/p>\n<p>These upbeat leading indicators point to a potentially better than forecast US jobs report. A stronger than forecast reading could lift the US Dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) pares gains from previous session Oil trades at yearly high US Dollar (USD) gains almost 1% across the week US NFP expected to show 50k jobs added The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is advancing paring losses from the previous session. The pair settled -0.25% lower on Thursday at 159.5 [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":82921,"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-108271","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 Pares Gains Ahead Of US NFP - 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\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\/\" \/>\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\\\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Pakistan Rupee Pares Gains Ahead Of US NFP\",\"datePublished\":\"2021-02-05T11:29:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\\\/\"},\"wordCount\":315,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/us-dollar-vs-pakistani-rupee.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\\\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-pkr-pakistan-rupee-pares-gains-ahead-of-us-nfp\\\/\",\"name\":\"USD\\\/PKR: Pakistan Rupee Pares Gains Ahead Of US NFP - 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