{"id":109107,"date":"2021-03-26T14:38:35","date_gmt":"2021-03-26T14:38:35","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=109107"},"modified":"2021-03-26T14:39:00","modified_gmt":"2021-03-26T14:39:00","slug":"105525-usd-pkr-rupee-rises-firmly-across-the-week","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105525-usd-pkr-rupee-rises-firmly-across-the-week\/","title":{"rendered":"USD\/PKR: Rupee Rises Firmly Across The Week"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/pkr-pakistani-rupee-live-exchange-rate\/\">Pakistan Rupee<\/a> (PKR) consolidates yesterday\u2019s gains<\/strong><\/li>\n<li><strong>Oil rises as Suez Canal remains closed<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) rises on upbeat economic outlook<\/strong><\/li>\n<li><strong>US shrugs off weaker consumer spending data<\/strong><\/li>\n<\/ul>\n<p>The US Dollar Pakistan Rupee (<a href=\"https:\/\/currencylive.com\/\">USD\/PKR)<\/a> exchange rate is moving marginally higher on Friday after steep losses in the previous session. The pair fell -0.95% on Thursday, settling at 154.28. At 14:50 UTC, USD\/PKR trades +0.07% at 154.38. The pair is set to lose 1.1% across the week.<\/p>\n<p>According to the State Bank of Pakistan, foreign exchange reserves held by the bank rose by 2.11 across the week. Reserves held by the SBP on 19<sup>th<\/sup> March were recorded at $13,295 million, up by $275 million compared with $13,019.7 million.<\/p>\n<p>Oil prices are on the rise again today at the end of a very volatile week which has seen the commodity swing over 6% on two consecutive days. West Texas Intermediate trades +2.2% high, back over $60.00 as the Suez Canal a key oil shipping route remains closed.<\/p>\n<p>The US Dollar is trading across the board on Friday. The US Dollar Index which measures the greenback versus a basket of 6 majors, trades +0.25% at 92.76 as it continues to hover around 4 month highs.<\/p>\n<p>The economic outlook for the US appears to be improving, underpinning the greenback. President Biden has pledged to accelerate the US vaccine programme. He now plans to target 100 million jabs in his first 100 days in office. The initial target of 100 million had already been reached with plenty of time to spare.<\/p>\n<p>Investors have shrugged off data which showed that US consumer spending slowed in February falling by the most in 10 months as a cold snap hit the US and as the benefits from the January stimulus checks faded.\u00a0 Consumer spending dropped 1% after rebounding 3.4% in January. Even so, the drop is expected to be short lived as more stimulus checks are expected to reach households in the coming weeks.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Rupee (PKR) consolidates yesterday\u2019s gains Oil rises as Suez Canal remains closed US Dollar (USD) rises on upbeat economic outlook US shrugs off weaker consumer spending data The US Dollar Pakistan Rupee (USD\/PKR) exchange rate is moving marginally higher on Friday after steep losses in the previous session. The pair fell -0.95% on Thursday, [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":95700,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[3402,1398,1866],"class_list":{"0":"post-109107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-okr","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 Rises Firmly Across The Week - 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\/105525-usd-pkr-rupee-rises-firmly-across-the-week\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\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\\\/105525-usd-pkr-rupee-rises-firmly-across-the-week\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105525-usd-pkr-rupee-rises-firmly-across-the-week\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/PKR: Rupee Rises Firmly Across The Week\",\"datePublished\":\"2021-03-26T14:38:35+00:00\",\"dateModified\":\"2021-03-26T14:39:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105525-usd-pkr-rupee-rises-firmly-across-the-week\\\/\"},\"wordCount\":317,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105525-usd-pkr-rupee-rises-firmly-across-the-week\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/pakistani-rupee-1000.jpg\",\"keywords\":[\"OKR\",\"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\\\/105525-usd-pkr-rupee-rises-firmly-across-the-week\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105525-usd-pkr-rupee-rises-firmly-across-the-week\\\/\",\"name\":\"USD\\\/PKR: Rupee Rises Firmly Across The Week - 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