EghtesadOnline: After weeks of wild rallying, the US dollar has lost its bullish momentum in Tehran's foreign exchange market as the Central Bank of Iran's rescue package appealed to investors anxious about a slide in the value of rial.
EghtesadOnline: Tehran’s foreign exchange market on Wednesday heated up again, as the rial weakened 1.1% and was quoted at 46,190 against the dollar. The greenback had backtracked slightly earlier this week, dipping below the 45,000-rial threshold, Tehran Gold and Jewelry Union’s website reported.
EghtesadOnline: After days of rallying against the rial in Tehran's foreign exchange market, the US dollar is showing signs of losing momentum.
EghtesadOnline: Most foreign currencies in Tehran’s market gained against the rial on Sunday, as the currency demand for overseas travel increase toward the end of December and the holiday season.
EghtesadOnline: The rial hit a record low against the US dollar in Tehran's foreign exchange market, in keeping with its customary surge in December every year.
EghtesadOnline: The two high demand currencies in Tehran’s market, namely the US dollar and euro, followed entirely different trends during the week to July 18.
EghtesadOnline: The currency market has been stable in recent days, ignoring a deluge of news stories that should have conventionally rocked the boat.