{"id":84334,"date":"2019-12-31T05:39:11","date_gmt":"2019-12-31T10:39:11","guid":{"rendered":"https:\/\/currencylive.com\/?p=84334"},"modified":"2019-12-31T13:18:28","modified_gmt":"2019-12-31T18:18:28","slug":"101921-usd-pkr-rupee-set-for-10-78-annual-loss","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/","title":{"rendered":"USD\/PKR: Rupee Set for 10.78% Annual Loss\u00a0"},"content":{"rendered":"<p>Monday\u2019s trade saw USD\/PKR within the range 154.70-155.00. <a href=\"https:\/\/currencylive.com\/currency\/pkr\/\">The Pakistan\u2019s Rupee<\/a> closed flat at 154.70 and was set for a 10.78% annual loss against the greenback. PKR has managed to advance about 6.5% since its 2019 low of 164.83, registered on July 1st.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Optimism over US-China trade relations continued to support investor risk appetite before year-end, while pressuring <a href=\"https:\/\/currencylive.com\/currency\/usd\/\">USD<\/a> demand. After an annual work conference, the Chinese Commerce Ministry said over the weekend that it had \u201cproactively dealt with\u201d trade frictions with the US throughout 2019. The ministry noted it had implemented the decisions of the central government and \u201cresolutely safeguarded the interests of the country and the people\u201d.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Both the US and China are currently conducting the required procedures prior to signing their \u201cPhase One\u201d trade agreement.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Meanwhile, PKR may draw support from incoming tax cuts on some of Pakistan\u2019s main exports, as it would be a crucial step to reducing the country\u2019s trade deficit, improving trade ties with its Gulf partners and bolstering economic growth.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Abdul Razak Dawood, Pakistan Prime Minister\u2019s adviser for commerce and investment, indicated the tax breaks would last 3-4 years and affect engineering, chemicals, technology, footwear among up to 20 sectors. Pakistani exports are projected to increase to $24.5 billion-$25 billion during the current fiscal year ended June from $23 billion in the preceding year.<\/p>\n<p>The US Dollar Index was retreating for a fifth straight day on Tuesday, down 0.05% to 96.69 in late Asian trade.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Today\u2019s focus will be on US data string. At 14:00 GMT Standard &amp; Poor\u2019s\/Case-Schiller will report on the performance of their House Price Index, which measures the change in values of single-family homes in 20 metropolitan areas across the US. According to market consensus estimate, home prices in the 20 areas probably rose 2.2% in October compared to October 2018. In September, home prices rose 2.1% year-on-year. A higher-than-expected annual increase in home values would support USD, as it would suggest housing market strength.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Meanwhile, confidence among US consumers probably improved in December, with the corresponding index coming in at 127.9, according to expectations. In November, the gauge was reported at 125.5, or the lowest reading since June. In case the index rebounded at a sharper-than-expected rate in December, this would have a strong bullish effect on USD, since higher confidence would suggest a greater willingness to spend and better contribution to economic growth. The Conference Board research group will release the official data at 15:00 GMT.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>USD\/PKR was edging up 0.10% to 154.86 in late Asian session on Tuesday.<\/p>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Monday\u2019s trade saw USD\/PKR within the range 154.70-155.00. The Pakistan\u2019s Rupee closed flat at 154.70 and was set for a 10.78% annual loss against the greenback. PKR has managed to advance about 6.5% since its 2019 low of 164.83, registered on July 1st.\u00a0 Optimism over US-China trade relations continued to support investor risk appetite before [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":83544,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1863],"tags":[1864,1398],"class_list":{"0":"post-84334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-pkr","9":"tag-pkr","10":"tag-usd"},"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 Set for 10.78% Annual Loss\u00a0 - 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\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/PKR: Rupee Set for 10.78% Annual Loss\u00a0\",\"datePublished\":\"2019-12-31T10:39:11+00:00\",\"dateModified\":\"2019-12-31T18:18:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\\\/\"},\"wordCount\":663,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/USD-PKR-Range-bounds.jpg\",\"keywords\":[\"pkr\",\"usd\"],\"articleSection\":[\"GBP\",\"PKR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\\\/\",\"name\":\"USD\\\/PKR: Rupee Set for 10.78% Annual Loss\u00a0 - 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Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"USD\/PKR: Rupee Set for 10.78% Annual Loss\u00a0 - 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\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"USD\/PKR: Rupee Set for 10.78% Annual Loss\u00a0","datePublished":"2019-12-31T10:39:11+00:00","dateModified":"2019-12-31T18:18:28+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/"},"wordCount":663,"image":{"@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/USD-PKR-Range-bounds.jpg","keywords":["pkr","usd"],"articleSection":["GBP","PKR"],"inLanguage":"en-US","copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/","url":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/","name":"USD\/PKR: Rupee Set for 10.78% Annual Loss\u00a0 - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/USD-PKR-Range-bounds.jpg","datePublished":"2019-12-31T10:39:11+00:00","dateModified":"2019-12-31T18:18:28+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/USD-PKR-Range-bounds.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/12\/USD-PKR-Range-bounds.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/101921-usd-pkr-rupee-set-for-10-78-annual-loss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/PKR: Rupee Set for 10.78% Annual Loss\u00a0"}]},{"@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\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. 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