USD decline continues against PKR as United States count votes
- As per details, at the interbank market, US dollar value declines by 20 paisas against the Pakistani rupee, and the new value of the dollar came to 159 rupees 75 paise on Wednesday.
The value of the US dollar has fallen to a six-month low against the Pakistani rupee and is being traded below the Rs 160 mark.
As per details, at the interbank market, US dollar value declines by 20 paisas against the Pakistani rupee, and the new value of the dollar came to 159 rupees 75 paisas on Wednesday.
As per reports, experts and investors believe that Joe Biden's victory in the US Elections 2020 will further weaken the currency as he will likely introduce policies that will have a negative impact on the dollar.
Similarly, some believe that if Donald Trump stays in power for another four years, he will not be able to determine the right and clear direction for the dollar. However, his anti-China strategy has the potential to strengthen and improve the global dollar market.
One expert said that the biggest impact was caused by the reduced interest rates caused by Corona, which is extremely negative for the dollar and far from its original value.
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