Despondency Pushes Forex and Gold Prices – Financial Tribune

The forex market in Tehran was volatile on Wednesday as most foreign currencies posted gains reportedly spurred by expectations arising mainly from political developments.
The dollar vacillated between 269,000-272,000 rials for 10 days before rising sharply to 275,300 rials on Wednesday in Tehran’s open market, up 1.5% or 4,100 rials compared with a session earlier.
Likewise, the euro gained 0.75% or 2,450 rials to fetch 325,390 rials and the UK pound sterling was quoted at 378,920 rials, up 0.9% or 3,430 rials. The UAE dirham was worth 75,130 rials, rising 1.2% or 930 rials compared to Tuesday.
Citing market analysts, the Persian economic website Eqtesad News said currency traders reportedly are reacting to negative reports by the Wall Street Journal on Tuesday about the fate of Iran’s nuclear deal.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Adblock test (Why?)

Scalping Strategy Course (DVD + Online) - $299.00

In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.

Forexmentor Coach's Corner First Month (Online) - $149.00

The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.

Source link

Have your say