US dollar rate in Pakistan on Jan 14 up by 0.4 paisa to Rs278.72

US dollar rate in Pakistan on Jan 14 up by 0.4 paisa to Rs278.72

US dollar rate in Pakistan on Jan 14 up by 0.4 paisa to Rs278.72

US dollar rate in Pakistan on Jan 24 up by 0.3 paisa to Rs278.75 

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The US dollar rate in Pakistan further increased by Re0.4 (4 paisa) against Pakistani rupee to Rs278.72 in the interbank market on Tuesday (Jan 14) as per the State Bank of Pakistan (SBP).

Globally, the US dollar remained near its highest level in over two years on Tuesday. This came as traders reduced expectations for US interest rate cuts in 2025, following strong economic data. Meanwhile, concerns about Britain’s fiscal health kept the struggling pound under scrutiny.

With President-elect Donald Trump preparing to assume office next week, attention has shifted to his anticipated policies, which analysts believe could stimulate economic growth but may also increase inflationary pressures.

The combination of potential tariffs and the Federal Reserve’s cautious approach to interest rate cuts this year has pushed Treasury yields and the dollar higher, exerting downward pressure on the euro, pound, yen, and yuan.

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The dollar index, which tracks the US currency against six major counterparts, rose 0.16% to 109.59, approaching the 26-month high of 110.17 reached on Monday.

Following a robust jobs report last Friday, which reinforced support for the Federal Reserve’s measured stance on monetary easing, investor attention now turns to the upcoming inflation report, set for release on Wednesday.

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