blueazure
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as explained in my last threads ( those who read me ) , the USD/PKR has been left at the mercy of 'market forces' .
PMEx traders, CB ,banks are all on board the dollar parity manipulation and the rate keeps moving up despite the slow down in imports and even increased remittances. despite what people think, forex brokers are not onboard this game, they are just too illiquid to move the price
my discussions with insiders ( bank , forex ppl ) suggest a short term price action to 170 and finally a PKR/USD price to settle around 180 -185 ish by June 2020.
Note ;- major companies (engro etc) have converted most of the PKR equity to USD
PMEx traders, CB ,banks are all on board the dollar parity manipulation and the rate keeps moving up despite the slow down in imports and even increased remittances. despite what people think, forex brokers are not onboard this game, they are just too illiquid to move the price
my discussions with insiders ( bank , forex ppl ) suggest a short term price action to 170 and finally a PKR/USD price to settle around 180 -185 ish by June 2020.
Note ;- major companies (engro etc) have converted most of the PKR equity to USD