{"id":97381,"date":"2020-03-11T07:00:12","date_gmt":"2020-03-11T11:00:12","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=97381"},"modified":"2020-03-11T07:34:59","modified_gmt":"2020-03-11T11:34:59","slug":"102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/","title":{"rendered":"USD\/PKR: Pakistani Rupee Falls For 3rd Straight Session"},"content":{"rendered":"

The Pakistani Rupee<\/a> is falling versus the US Dollar<\/a> for the third straight session on Wednesday, as risk sentiment remains fragile amid ongoing fears surrounding the coronavirus outbreak and its impact on the global economy.<\/p>\n

At 10:15 UTC, USD\/PKR<\/a> is trading at 158.60 after opening the session at 157.75. It is trading at the upper end of today\u2019s trading range of 156.33 \u2013 158.80.<\/p>\n

Pakistani Rupee Under Pressure Despite Import Duty Cuts<\/h2>\n

The Rupee has been under pressure in recent sessions as investors ditch perceived riskier currencies, such as the Pakistani Rupee, in favour of safe haven currencies. Flows into \u201csafer\u201d currencies are favoured as fears surrounding coronavirus and its potential impact on the global economy escalate.<\/p>\n

Sentiment is dominating trade and the Pakistani Rupee fell despite plans being unveiled to remove duties on many raw materials used by exporters. This is a move to make exports more competitive in the region and to help the Pakistani economy advance. The Pakistan economy is seen expanding at 2.4% in the year through to June. This would mark its weakest pace of growth in more than a decade.<\/p>\n

US Dollar Dips On Trump\u2019s Silence<\/h2>\n

The US Dollar is trading higher versus the Pakistani Rupee; however, it is trading broadly lower compared to its other major peers for two reasons.<\/p>\n

Firstly, there is growing scepticism about a fiscal stimulus package from Washington to shore up the US economy. Whilst late on Monday Trump had promised a \u201cmajor\u201d and \u201cvery dramatic\u201d economic support package, details have been slow coming through. In fact, the silence from the White House since that initial announcement suggests that there could be delays to such a package.<\/p>\n

Secondly, investors are broadly expecting the Federal Reserve to cut interest rate when it meets for its scheduled monetary policy meeting later this month. This would be the second rate cut in March, after the Fed slashed rates by 50 basis points last week in an attempt to shore up the economy ahead of the coronavirus hit which is expected in the coming days and weeks.<\/p>\n

US Inflation data is unlikely to attract much attention, given that he data was from before the oil price crash and the coronavirus escalation.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Pakistani Rupee is falling versus the US Dollar for the third straight session on Wednesday, as risk sentiment remains fragile amid ongoing fears surrounding the coronavirus outbreak and its impact on the global economy. At 10:15 UTC, USD\/PKR is trading at 158.60 after opening the session at 157.75. It is trading at the upper […]<\/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":[2139,1408,2487,1867,1864,2488,1400,1397,1398],"class_list":{"0":"post-97381","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-coronavirus","10":"tag-fed","11":"tag-import-duty","12":"tag-pakistani-rupee","13":"tag-pkr","14":"tag-risk-sentimet","15":"tag-trump","16":"tag-us-dollar","17":"tag-usd"},"acf":[],"yoast_head":"\nUSD\/PKR: Pakistani Rupee Falls For 3rd Straight Session - 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\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/\" \/>\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\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Pakistani Rupee Falls For 3rd Straight Session\",\"datePublished\":\"2020-03-11T11:00:12+00:00\",\"dateModified\":\"2020-03-11T11:34:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/\"},\"wordCount\":372,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/us-dollar-vs-pakistani-rupee.jpg\",\"keywords\":[\"coronavirus\",\"fed\",\"import duty\",\"Pakistani Rupee\",\"pkr\",\"risk sentimet\",\"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\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/\",\"name\":\"USD\\\/PKR: Pakistani Rupee Falls For 3rd Straight Session - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/us-dollar-vs-pakistani-rupee.jpg\",\"datePublished\":\"2020-03-11T11:00:12+00:00\",\"dateModified\":\"2020-03-11T11:34:59+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#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\\\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD\\\/PKR: Pakistani Rupee Falls For 3rd Straight Session\"}]},{\"@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: Pakistani Rupee Falls For 3rd Straight Session - 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\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"USD\/PKR: Pakistani Rupee Falls For 3rd Straight Session","datePublished":"2020-03-11T11:00:12+00:00","dateModified":"2020-03-11T11:34:59+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/"},"wordCount":372,"image":{"@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/us-dollar-vs-pakistani-rupee.jpg","keywords":["coronavirus","fed","import duty","Pakistani Rupee","pkr","risk sentimet","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\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/","url":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/","name":"USD\/PKR: Pakistani Rupee Falls For 3rd Straight Session - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/11\/us-dollar-vs-pakistani-rupee.jpg","datePublished":"2020-03-11T11:00:12+00:00","dateModified":"2020-03-11T11:34:59+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#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\/102653-usd-pkr-pakistani-rupee-falls-for-3rd-straight-session\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"USD\/PKR: Pakistani Rupee Falls For 3rd Straight Session"}]},{"@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\/97381","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=97381"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97381\/revisions"}],"predecessor-version":[{"id":97388,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/97381\/revisions\/97388"}],"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=97381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=97381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=97381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}