VCheng
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This is what my question is. I cannot see American dollar being devalued.
More importantly and on topic, the PKR is being devalued in part due to the adverse balance of payments for Pakistan. It was forced down to below 100 to the USD not that long ago and is back up to well over 105. Further decline in its value is inevitable, and this is with a low energy import bill these days. Once oil prices go up, the pressures will increase further for PKR devaluation.