EghtesadOnline: Keeping pace with trends in the domestic currency market, Tehran stocks rallied Saturday to new peaks.
EghtesadOnline: Except for brief volatility in the first weeks of the new fiscal year (started March 2019), the currency market has seen relatively stability throughout the year.
EghtesadOnline: Over the past decade, goods and services in Iran suffered at least two bouts of price shocks following unprecedented volatility in the currency market due to foreign economic sanctions.
EghtesadOnline: Managing director of the company overseeing the regulated foreign exchange market said Friday’s fire will not have a major impact on the opening of the long-awaited currency market.
EghtesadOnline: A report published by the economic research department of Tehran Chamber of Commerce, Industries, Mines and Agriculture show that the currency market was the worst-performing market in the first four months (March 20-July 22) of the present fiscal year.
EghtesadOnline: Sailing in calm waters since the beginning of the calendar year (mid-March), the currency market witnessed another fall at the start of the business week in Tehran on Saturday.
EghtesadOnline: Currency rates surged in the open market in Iran following more than two weeks of bear market after demand for foreign currency rose amid expectations that the plunging forex rates had hit the bottom.
EghtesadOnline: Currency rates in Tehran briefly hit six-month lows since January 9 as the US dollar was traded for 111,000 rials during the mid-day trade in the open forex market on Wednesday.
EghtesadOnline: The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments.
EghtesadOnline: With last week's brief volatility behind, the currency market in Tehran experienced more stability on Saturday. The US dollar, which had surged above the resistance level of 140,000 rials last week, was traded for 137,000 rials in the open market.