In an unexpected shift in Pakistan’s currency market, the US Dollar slightly lost ground on Friday, closing at Rs 282.02 compared to Thursday’s Rs 282.06, according to the Forex Association of Pakistan.

In the open market, the dollar’s buying rate stood at Rs 282.5, while the selling rate touched Rs 284.4, showing minor fluctuation amidst stable trends.

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However, the real surprise came from the Euro, which surged by Rs 1.75 to close at Rs 319.85. This sharp movement hints at stronger European economic signals affecting local exchange rates.

The British Pound also edged up, gaining Rs 0.42 to settle at Rs 380.23 from Rs 379.81. The Japanese yen saw a minimal increase of 01 paisa, closing at Rs 1.95.

On the other hand, the Emirates Dirham and Saudi Riyal dipped slightly by 01 and 03 paisa, ending the day at Rs 76.78 and Rs 75.17, respectively.

The slight depreciation of the US Dollar might suggest calm in demand or stable supply in interbank trade. However, the Euro’s significant gain could signal rising import costs from the Eurozone or shifts in trade dynamics. The pound’s steady climb also points to market anticipation around the UK’s economic stability. Small adjustments in Gulf currencies reflect minor transactional flows. These trends indicate a cautious yet active forex environment, with potential implications for importers, travelers, and policymakers alike.