{"id":96739,"date":"2020-02-27T06:04:46","date_gmt":"2020-02-27T11:04:46","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=96739"},"modified":"2020-02-27T06:08:04","modified_gmt":"2020-02-27T11:08:04","slug":"102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\/","title":{"rendered":"USD\/PKR: Pakistani Rupee Declines In Risk Off Trading"},"content":{"rendered":"<p>The US dollar was under pressure versus its major peers; however it was trading marginally high versus the Pakistani Rupee. At 10:20 UTC the US dollar Pakistani Rupee exchange rate was trading 3 paisa higher at 154.25, after closing the previous session at 154.22. Coronavirus fears are weighing on both currencies in early trade on Thursday.<\/p>\n<h3><strong>Pakistani Rupee Out Of Favour As Risk Sentiment Sours<\/strong><\/h3>\n<p>The Pakistani Rupee is coming under pressure as fears of a coronavirus pandemic grow. Risk off continues to engulf financial markets, making perceived riskier currencies such as the Pakistani Rupee less attractive.<\/p>\n<p>Economists expect the virus outbreak to have an adverse effect on the Pakistan economy. The outbreak is expected to have negatively impacted China, the world\u2019s second largest economy and close trading partner of Pakistan. There is expected to be a trickle-down effect. Reports suggest that Pakistan imports are starting to feel the impact of the outbreak already, as the first two cases of the killer virus are confirmed. Neighbouring Iran is experiencing a rapid spread of the disease.<\/p>\n<p>The Karachi stock exchange was also trending lower on Thursday, its sixth straight session of losses as investors move out of riskier assets.<\/p>\n<h3><strong>US Dollar Rattled By Coronavirus Case<\/strong><\/h3>\n<p>The US dollar was trading lower versus G10 currencies yet holding firm versus emerging market currencies as a case of coronavirus from an unknown origin sparked fears of the virus spreading rapidly across the US.<\/p>\n<p>President Trump did little to calm investors nerves as he attempted to defuse criticism over his handling of the health crisis. Trump insisted that the threat to America remains low. Investors are clearly not convinced.<\/p>\n<p>The dollar has moved lower as investors grow in confidence that the Federal Reserve will cut interest rates to support the economy amid a coronavirus outbreak. According to the CME Fedwatch tool, investors are seeing a 41% probability of the Federal Reserve cutting interest rates in March. The probability was just 23% earlier this week.<\/p>\n<p>Today there are several high impacting US data points that US investors could look towards. These include US GDP and durable goods releases. Economic growth is the fourth quarter is expected to confirm 2.1% annual expansion. Durable goods, however, are expected to show a month on month decline of -1.5% in January, down from a 2.4% increase in December.<\/p>\n<p>&nbsp;<\/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>The US dollar was under pressure versus its major peers; however it was trading marginally high versus the Pakistani Rupee. At 10:20 UTC the US dollar Pakistani Rupee exchange rate was trading 3 paisa higher at 154.25, after closing the previous session at 154.22. Coronavirus fears are weighing on both currencies in early trade on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":95700,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[2139,2423,1438,1867,1864,1400,1397,1398],"class_list":["post-96739","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pkr","category-usd","tag-coronavirus","tag-covid","tag-federal-reserve","tag-pakistani-rupee","tag-pkr","tag-trump","tag-us-dollar","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/PKR: Pakistani Rupee Declines In Risk Off Trading - 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\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Pakistani Rupee Declines In Risk Off Trading\",\"datePublished\":\"2020-02-27T11:04:46+00:00\",\"dateModified\":\"2020-02-27T11:08:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\\\/\"},\"wordCount\":637,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/pakistani-rupee-1000.jpg\",\"keywords\":[\"coronavirus\",\"covid\",\"federal reserve\",\"Pakistani Rupee\",\"pkr\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102523-usd-pkr-pakistani-rupee-declines-in-risk-off-trading\\\/\",\"name\":\"USD\\\/PKR: Pakistani Rupee Declines In Risk Off Trading - 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