{"id":99813,"date":"2020-05-06T06:14:00","date_gmt":"2020-05-06T10:14:00","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=99813"},"modified":"2020-05-06T06:31:21","modified_gmt":"2020-05-06T10:31:21","slug":"103151-usd-pkr-rupee-snaps-4-session-winning-streak","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\/","title":{"rendered":"USD\/PKR: Rupee Snaps 4 Session Winning Streak"},"content":{"rendered":"

The Pakistani Rupee<\/a> is edging lower on Wednesday after four straight sessions versus the US Dollar<\/a>. The Pakistani Rupee settled +0.3% versus the US Dollar on Tuesday at 159.55, a level last seen at the end of March.<\/p>\n

At 10:15 UTC, USD\/PKR is trading +0.1% higher at 159.70. This is approximately a mid-point in the daily traded range of 158.87 \u2013 160.07.<\/p>\n

Check real time USD to PKR exchange rate<\/span><\/a><\/div>\n

Pakistan’s Covid-19 Cases Pass 20,000<\/h2>\n

The Pakistani Rupee is coming under pressure on Wednesday after the number of coronavirus cases in the county passed a concerning milestone. Pakistan reported that the number of confirmed infections has reached 22,413 with a death toll of 526. A record 40 deaths were recorded on Tuesday.<\/p>\n

The data comes after Prime Minister Imran Khan announced earlier in the week that the country\u2019s lockdown would be gradually lifted, as Pakistan\u2019s economy can\u2019t afford an indefinite closure.<\/p>\n

The impact that covid-19 is expected to have on Pakistan\u2019s economy varies according to different experts. Moody\u2019s rating agency predicts that the economy will contract by -0.1% – -0.5%, the central bank is forecasting a -1.5% contraction whilst the IMF and World Bank expect a contraction in the region of -1.3% to -1.5%. The difference between the forecasts illustrates how challenging it is to forecast accurately whilst the outlook lacks visibility.<\/p>\n

US Private Payrolls In Focus<\/h2>\n

The US Dollar is advancing across the board on Wednesday amid a mixed mood in the market and as investors look ahead to the release of the US ADP private payroll report. The ADP report is closely watched because it is a strong lead indicator for the US Labour Department\u2019s non-farm payroll report due on Friday.<\/p>\n

Analysts are expecting the private sector to show a drop of 20 million in April. To put this into context, it took the private sector almost a decade to create 20 million jobs. All the jobs created over 108 months will be wiped out in just 1 month. Initial jobless claims data over the past 6 weeks has provided plenty of warning over the extent of the damage that the coronavirus lock down is inflicting on the labour market. Even so, a weaker than forecast figure could move the US Dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Pakistani Rupee is edging lower on Wednesday after four straight sessions versus the US Dollar. The Pakistani Rupee settled +0.3% versus the US Dollar on Tuesday at 159.55, a level last seen at the end of March. At 10:15 UTC, USD\/PKR is trading +0.1% higher at 159.70. This is approximately a mid-point in the […]<\/p>\n","protected":false},"author":163946597,"featured_media":82462,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1863,1381],"tags":[2073,2139,1867,1864,1397,1398],"class_list":{"0":"post-99813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pkr","8":"category-usd","9":"tag-adp-payrolls","10":"tag-coronavirus","11":"tag-pakistani-rupee","12":"tag-pkr","13":"tag-us-dollar","14":"tag-usd"},"acf":[],"yoast_head":"\nUSD\/PKR: Rupee Snaps 4 Session Winning Streak - 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\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\/\" \/>\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\\\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/PKR: Rupee Snaps 4 Session Winning Streak\",\"datePublished\":\"2020-05-06T10:14:00+00:00\",\"dateModified\":\"2020-05-06T10:31:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\\\/\"},\"wordCount\":393,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/usd-pkr-exchange.jpg\",\"keywords\":[\"adp payrolls\",\"coronavirus\",\"Pakistani Rupee\",\"pkr\",\"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\\\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103151-usd-pkr-rupee-snaps-4-session-winning-streak\\\/\",\"name\":\"USD\\\/PKR: Rupee Snaps 4 Session Winning Streak - 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