Euro Edges Higher at 304.80 PKR – July 17, 2025
On July 17, 2025, the euro showed mild strength against the Pakistani rupee, trading at around 304.80 PKR. The currency enjoyed modest gains amid fluctuating global sentiment and interest rate expectations.
1 EUR exchanged for approximately 304.80 PKR in the interbank market, marking a slight advance from the previous day. Over the past week, the rate has ranged between 302 and 307 PKR, reflecting mixed factors such as Eurozone economic data and shifts in investor appetite.
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Market observers suggest the euro’s push higher is linked to optimism around economic activity in the Eurozone. An FX analyst noted that if reports on industrial output or employment data continue to improve, the euro may find support above the 305 PKR level. Conversely, any sign of policy tightening divergence between the European Central Bank and other central banks could limit further appreciation.
• The euro is expected to trade within a band of 302–307 PKR unless significant Eurozone data or global risk sentiment shifts.
• Traders and corporates with EUR exposure should consider hedging strategies to manage potential swings, especially around major economic releases.
• Monitoring European PMI, ECB statements and Pakistan’s forex reserves will be key in anticipating the direction of EUR/PKR.
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