EghtesadOnline: Based on a directive issued by the Ministry of Industries, Mining and Trade, the ministry-affiliated National Trade System announced that as of Wednesday, all traders are prohibited from registering their import orders using the US dollar.
EghtesadOnline: The US dollar made new gains against the rial on Wednesday, but stopped short of crossing another psychological barrier.
EghtesadOnline: The US dollar once again gained against rial in Tehran’s foreign exchange market to reach its highest value in the past six months late Sunday.
EghtesadOnline: In the wake of the recent rally of US dollar in Tehran’s market, Iran’s former representative at the International Monetary Fund has enumerated three factors for the surge.
EghtesadOnline: The dollar held firm on Friday, supported by comments from a senior Federal Reserve official suggesting a U.S. interest rate increase this year is still a real possibility as inflation pressures emerge.
EghtesadOnline: Asian shares slipped on Tuesday, taking their cues from a modestly lower day on Wall Street, while crude oil prices stabilized after their overnight tumble and the U.S. dollar edged higher.
EghtesadOnline: Gold fell on Wednesday finding little impetus from easing equities as the dollar rose to a four-month high on the back of better-than-expected US housing data, Reuters reported.