The Pakistani rupee strengthened against the US dollar on Tuesday, recording a 0.09% appreciation during interbank trading.
At 10:00 AM, the rupee was trading at 280.56 against the dollar, marking an improvement of Rs 0.25. On Monday, the local currency had closed at 280.81.
Global Currency Market Update
On the international front, the safe-haven Japanese yen fell to its lowest level since February on Tuesday, while risk-sensitive currencies held steady against the US dollar as traders anticipated an imminent end to the U.S. government shutdown.
The euro remained stable at $1.1555, while the British pound (sterling) edged up gradually to $1.3165.
The Australian dollar climbed nearly 0.7%, reaching $0.6536, while the yen saw the most significant movement following the U.S. Senate’s successful vote.
The New Zealand dollar, pressured for months due to a slowing economy, hit a 12-year low against the Australian dollar on Tuesday.
