{"id":108408,"date":"2021-02-15T11:00:35","date_gmt":"2021-02-15T11:00:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108408"},"modified":"2021-02-15T10:20:27","modified_gmt":"2021-02-15T10:20:27","slug":"105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/","title":{"rendered":"USD\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism"},"content":{"rendered":"<ul>\n<li><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) extends gains in risk on trade<\/li>\n<li>Remittances in January hit $2.3 billion<\/li>\n<li><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) declines on safe have outflows<\/li>\n<li>US markets closed for public holiday<\/li>\n<\/ul>\n<p>The US Dollar Pakistan Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/PKR<\/a>) exchange rate is edging lower at the start of the week, extending losses from the previous week. The pair settled -0.06% lower at 159.5 on Friday. At 09:45 UTC, USD\/PKR trades -0.4% at 158.8.<\/p>\n<p>Risk on trade is boosting demand for riskier assets and currencies such as the Pakistan Rupee. Investors are growing increasingly optimistic of a strong vaccine led global economic recovery.<\/p>\n<p>Large scale real worked data from Israel has revealed that the Pfizer vaccine has proven to be 94% effective in preventing covid.<\/p>\n<p>With more and more countries ramping up their covid vaccination programmes global growth is expected to pick up across the coming quarters.<\/p>\n<p>Adding support to the Pakistan Rupee was strong remittances data. According to the State Bank of Pakistan, Pakistan workers remittances exceeded $2 billion for the eighth consecutive month in January. Remittances totaled $2.3 billion, growth of 19% compared to January 2020. Although this was slightly down from December\u2019s $2.4 billion.<\/p>\n<p>The US Dollar is trading on the back foot across the board as the new week begins on safe haven outflows and amid US stimulus optimism.<\/p>\n<p>The US Dollar Index, which measures the greenback versus 6 major peers trades -0.15% at the time of writing.<\/p>\n<p>US House Speaker Nancy Pelosi said that she hopes to have the covid relief plan approved by the end of this month. With Trump\u2019s impeachment trial now over, attention is expected to remain focused on US stimulus.<\/p>\n<p>There is little on the US economic calendar at the start of the week with US markets closed for a public holiday today. FOMC meeting minutes, US retail sales and PMI data are due in the second half of the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) extends gains in risk on trade Remittances in January hit $2.3 billion US Dollar (USD) declines on safe have outflows US markets closed for public holiday The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is edging lower at the start of the week, extending losses from the previous week. The pair settled [&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-108408","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 Strengthens On Vaccine Led Global Recovery Optimism - 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\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/\" \/>\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\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism\",\"datePublished\":\"2021-02-15T11:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/\"},\"wordCount\":318,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#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\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/\",\"name\":\"USD\\\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/us-dollar-vs-pakistani-rupee.jpg\",\"datePublished\":\"2021-02-15T11:00:35+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/us-dollar-vs-pakistani-rupee.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/us-dollar-vs-pakistani-rupee.jpg\",\"width\":1200,\"height\":675,\"caption\":\"pakistani rupee bank notes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism","datePublished":"2021-02-15T11:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/"},"wordCount":318,"image":{"@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#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\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/","url":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/","name":"USD\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/us-dollar-vs-pakistani-rupee.jpg","datePublished":"2021-02-15T11:00:35+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/us-dollar-vs-pakistani-rupee.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/us-dollar-vs-pakistani-rupee.jpg","width":1200,"height":675,"caption":"pakistani rupee bank notes"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/105392-usd-pkr-rupee-strengthens-on-vaccine-led-global-recovery-optimism\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/PKR: Rupee Strengthens On Vaccine Led Global Recovery Optimism"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/us-dollar-vs-pakistani-rupee.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=108408"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108408\/revisions"}],"predecessor-version":[{"id":108409,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/108408\/revisions\/108409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/82921"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=108408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=108408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=108408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}