BENGALURU/LAHORE – With the rupee in Pakistan making the lost ground in recent weeks, there is a possibility of some good news with long-term consequences, as a latest Reuters poll says foreign exchange strategists are sticking with their forecasts for a weaker dollar despite having been wrong-footed for years in predicting a downturn in the greenback.
Now, the question is whether Pakistan would be able to sustain this rupee appreciation and how the possible weaker dollar in global currency markets is going to affect the country. That outlook remains at odds with the consensus view in Reuters foreign exchange polls, including the latest Oct 2-4 survey of 80 FX strategists, which showed forecasters still expect the dollar to weaken against most major currencies.
Net US dollar positioning by traders was long for the second week in a row, according to the latest Commodity Futures Trading Commission data. "If they keep on threatening and they don't do it, finally, the market's going to say you're not going to intervene and dollar/yen moves higher, so it's a bit of a poker game," said Jane Foley, head of FX strategy at Rabobank.
At roughly $1.05, the euro was faring better than the yen and emerging market currencies. But it is down 2pc on the year, far behind where most expected it to be in a January poll, when the consensus view was for about a 4pc rise against the dollar by the end of this year.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »
ذریعہ: SAMAATV - 🏆 22. / 51 مزید پڑھ »
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »
ذریعہ: SAMAATV - 🏆 22. / 51 مزید پڑھ »
ذریعہ: SAMAATV - 🏆 22. / 51 مزید پڑھ »
ذریعہ: BOLNETWORK - 🏆 9. / 63 مزید پڑھ »