The Pakistani rupee strengthened by 15 paisas against the US dollar, closing at 281.02 in the interbank market. Last week, the rupee had gained 9 paisas, or 0.03%, to close at 281.17.
Internationally, the US dollar recovered from early losses on Monday as investors hoped that Washington would ease fresh trade tensions with Beijing. Meanwhile, political developments in France and Japan weakened the euro and yen.
The US Dollar Index saw a slight uptick, reaching 99.002 — partially offsetting earlier losses following US President Trump’s announcement of a 100% tariff on Chinese imports. The move revived concerns linked to his Liberation Day tariff measures in April, which had triggered selling pressure in both stock and crypto markets on Friday.
Against the Japanese yen, the dollar gained 0.5% to trade at 151.985 yen, as markets assessed the political future of Sanae Takaichi, the new Liberal Democratic Party leader. Her chances of becoming Japan’s first female prime minister took a hit after the Komeito Party’s exit from the ruling coalition on Friday.
The euro slipped 0.1% to $1.1609 after French President Emmanuel Macron announced his new cabinet on Sunday, reappointing close ally Roland Lescure as finance minister.
