The previous day’s closing was Rs277.84. The buying and selling rates of the dollar in the open market stood at Rs277.20 and Rs278.70 respectively, the Forex Association of Pakistan (FAP) reported.

The State Bank of Pakistan (SBP) reported that the price of Euro increased by 50 paisa to close at Rs300.58 against the last day’s closing of Rs300.08.

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According to FX Street,  the USD fell lower after US Durable Goods fell by -0.8%. As such that number was better than expected, though as always the devil is in the detail. The previous 0% got sharply revised down to -0.8%, which means that Durable Goods in the US are contracting for already two months in a row.

The US economic calendar is facing just one last main event this Friday. The University of Michigan will release its final reading for October’s Consumer Sentiment data. Seeing it is the fnal reading, no big changes expected here, as per the FX report.

The SBP reported that the Japanese yen remained unchanged and closed at Rs1.82, whereas a decrease of 21 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs360.19 as compared to the last day’s closing of Rs360.40.