{"id":99508,"date":"2020-04-28T06:06:51","date_gmt":"2020-04-28T10:06:51","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99508"},"modified":"2020-04-28T07:43:14","modified_gmt":"2020-04-28T11:43:14","slug":"103171-usd-pkr-rupee-dips-for-3rd-straight-session","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\/","title":{"rendered":"USD\/PKR: Rupee Dips For 3rd Straight Session"},"content":{"rendered":"<p>The Pakistani Rupee is weakening against the US Dollar for a third straight session on Tuesday. The Rupee settled -0.1% lower versus the greenback in the previous session.<\/p>\n<p>At 10:15 UTC, <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-pkr-exchange-rate-today\/\">USD\/PKR<\/a> is trading +0.2% at 161.25. This is at the upper end of the daily traded range of 160.00 \u2013 161.30.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-pkr-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time USD to PKR exchange rate<\/span><\/a><\/div>\n<h2>PKR: Exports Drop -8.46%<\/h2>\n<p>The Pakistani Rupee has weakened slightly over the past few sessions amid growing concerns over the impact of the coronavirus crisis on the Pakistan economy. Recent data revealed that Pakistan\u2019s textile exports declined by -4.46% in March owing to the global slowdown from the covid-19 pandemic. Textile exports stood at $1.039 billion in March compared to $1.088 billion the same month a year earlier. To put the figure into context, Pakistan\u2019s textile and clothing exports had jumped 17% year on year in February. Pakistan\u2019s total export of goods declined by -8.46% year on year in March.<\/p>\n<p>Meanwhile, the amount that Pakistan spends on importing oil has declined dramatically. Pakistan\u2019s oil import bill has dropped over 16% in the past 9 months due to the slowdown in economic activity but also owing to the sharp fall in oil prices.<\/p>\n<p>Investors will continue to monitor coronavirus statistics as the country continues extended its lock down by 9 days until 9<sup>th<\/sup> May but has also started to ease some the its coronavirus related lock down measures to adopt a smarter approach.<\/p>\n<p>So far Pakistan has 14,079 coronavirus cases and a death toll of 301.<\/p>\n<h2>US Consumer Confidence Next<\/h2>\n<p>The US Dollar is trading broadly lower versus its major peers on Tuesday as investors brush off collapsing oil process and focus on the reopening of economies. Ebbing volatility in the financial markets and easing demand for safe haven assets is putting pressure on the US Dollar.<\/p>\n<p>Investors will now look ahead to the release of US consumer confidence data later today. Analysts are expecting the data to show a sharp drop in consumer morale to 88 on the index down from 120. When consumers lack confidence in their job prospects and in the outlook for the economy they often spend less. This is bad news for the US economy. However, recently, US Dollar investors have been shrugging off bad news given that expectations are so low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistani Rupee is weakening against the US Dollar for a third straight session on Tuesday. The Rupee settled -0.1% lower versus the greenback in the previous session. At 10:15 UTC, USD\/PKR is trading +0.2% at 161.25. This is at the upper end of the daily traded range of 160.00 \u2013 161.30. PKR: Exports Drop [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":83287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[1435,2139,1502,1867,1864],"class_list":{"0":"post-99508","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-consumer-confidence","10":"tag-coronavirus","11":"tag-exports","12":"tag-pakistani-rupee","13":"tag-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 Dips 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\/103171-usd-pkr-rupee-dips-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\\\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Dips For 3rd Straight Session\",\"datePublished\":\"2020-04-28T10:06:51+00:00\",\"dateModified\":\"2020-04-28T11:43:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\\\/\"},\"wordCount\":405,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/usd-pkr-bank-notes.jpg\",\"keywords\":[\"consumer confidence\",\"coronavirus\",\"exports\",\"Pakistani Rupee\",\"pkr\"],\"articleSection\":[\"PKR\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103171-usd-pkr-rupee-dips-for-3rd-straight-session\\\/\",\"name\":\"USD\\\/PKR: Rupee Dips For 3rd Straight Session - 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