{"id":108315,"date":"2021-02-09T11:20:32","date_gmt":"2021-02-09T11:20:32","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108315"},"modified":"2021-02-09T12:39:16","modified_gmt":"2021-02-09T12:39:16","slug":"105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\/","title":{"rendered":"USD\/PKR: Rupee Strengthened on Monday, 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) is rising paring yesterday\u2019s gains<\/strong><\/li>\n<li><strong>Imports grew 15%, exports 8% widening the trade deficit<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) trades lower versus major peers<\/strong><\/li>\n<li><strong>Stimulus &amp; job openings for December 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 paring losses from the previous session. The pair settled -0.15% lower on Monday at 159.25. At 10:15 UTC, USD\/PKR trades +0.5% at 160.05.<\/p>\n<p>Pakistan\u2019s traded deficit widened 21% to $2.6 billion in January due to a pick up in imports to support industrial and agricultural activities.<\/p>\n<p>Imports increased 15% to $4.73 billion in January compared to $4.12 billion in the same month last year. Exports also rose, but not as strongly as imports, picking up by 8% to $2.13 billion in January compared to $1.97 billion in the same month last year.<\/p>\n<p>Oil continues to advance for a seventh straight session. West Texas Intermediate trades +0.3% higher adding to almost 2% gains in the previous session amid OPEC countries compliance with the output production cuts and optimism surrounding the medium-term demand outlook as vaccination programmes pick up across the globe.<\/p>\n<p>The US Dollar is rising versus the Pakistan Rupee however it is falling lower versus its major peers on Tuesday. The US Dollar Index which measures the greenback versus 6 major peers trades -0.35% at the time of writing at an almost weekly low.<\/p>\n<p>US Dollar weakness comes after Elon Musk\u2019s $1.5 billion Bitcoin investment was interpreted, which has been interpreted as a vote of no confidence in the US currency amid loose fiscal and monetary policy.<\/p>\n<p>Joe Biden\u2019s $1.9 trillion covid stimulus package is likely to pass through Congress shortly. Whilst the prospect of a huge fiscal stimulus package had boost the US Dollar in recent sessions on expectations of a faster economic recovery, today investors appear more wary.<\/p>\n<p>Looking ahead investors will look towards the release of US JOLTS job openings for December. However, following from Friday\u2019s disappointing non-farm payroll numbers this data already feels out of date.<\/p>\n<p>Friday\u2019s non-farm payroll numbers showed 49,000 jobs were added in January which fell short of forecasts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistani Rupee (PKR) is rising paring yesterday\u2019s gains Imports grew 15%, exports 8% widening the trade deficit US Dollar (USD) trades lower versus major peers Stimulus &amp; job openings for December in focus The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is advancing paring losses from the previous session. The pair settled -0.15% lower on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83287,"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-108315","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 Strengthened on Monday, 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\/105370-usd-pkr-rupee-strengthened-on-monday-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\\\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Strengthened on Monday, Trade Deficit Widens\",\"datePublished\":\"2021-02-09T11:20:32+00:00\",\"dateModified\":\"2021-02-09T12:39:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\\\/\"},\"wordCount\":346,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/usd-pkr-bank-notes.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\\\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105370-usd-pkr-rupee-strengthened-on-monday-trade-deficit-widens\\\/\",\"name\":\"USD\\\/PKR: Rupee Strengthened on Monday, Trade Deficit Widens - 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