USDPKR Rally - Further Depreciation for the PKR

Panjang

U.S. DOLLAR / PAKISTANI RUPEE (FX_IDC:USDPKR)

Telah dikemas kini

FX_IDC:USDPKR U.S. DOLLAR / PAKISTANI RUPEE

Key timelines in Pak political timeline are marked, no significant developments in last two weeks.
- DXY Strengthening is a cue for further falling for PKR
- Inflation stands at 40% YoY for the Sensitive Price Index.
- Inflation since 2022 Jan is ~25% on official records.

Already made loss of 30% since YTD. Further falling expected.

Komen:

We've double topped, $DXY may have also reached its peak, let's see what happens, personally expecting a quick rebound on the $DXY to the upside over the coming weeks, then a freefall after the start of the new year (based on the megaphone pattern). $USDPKR would remain conditionally neutral.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.