The Pakistani Rupee (PKR) opened Thursday’s trading session with a firm and stable position against the US Dollar (USD), continuing to reflect market confidence amid controlled economic conditions and steady forex reserves. Traders remain cautious as they await updates on the upcoming federal budget and international economic cues.
The interbank market opened with a slight upward adjustment, reflecting moderate demand from importers and consistent inflows from remittances and export settlements.
The open market showed no signs of volatility, with exchange dealers reporting normal activity and sufficient USD availability for retail and travel-related needs.
The rupee is expected to trade range-bound with a stable bias, as no major external or domestic shocks are anticipated today. Traders are likely to hold current positions and await more clarity in the lead-up to the budget announcement.
The Japanese Yen remains stable amid mixed economic indicators, while USD/JPY shows signs of downside…
Divergences can hint at market shifts but aren’t standalone trade signals. Learn how to apply…
EUR/USD remains firm around 1.1700 as worries over Fed independence weigh on the US dollar,…
Bitcoin bounces back as Ethereum network activity increases, while Pi Network faces mounting pressure amid…
Gold and silver prices hold steady as markets await the upcoming US PCE inflation data…
Japanese Yen and Australian Dollar react to key inflation reports and China’s industrial data, shaping…