Currency and Gold Retreat

After reaching new peaks in the last trading session, advance of the dollar against the national currency paused at the start of new trading week. 
The US currency dipped more than 4,000 rials on Saturday and was quoted at 295,500 rials in the open market across the country or down 1%. It had gained more than 5% last week to post an all-time high of 300,000 rials on Thursday. 
Other major currencies also retreated. One euro fetched 345,400 rials, dropping 1.4% or 3,550 rials compared to Thursday’s close. The UK pound sterling was down 0.4% at 382,000 rials. 
The greenback was tagged 284,520 rials at licensed exchange bureaus affiliated to the Central Bank of Iran, down 1.65% compared to the earlier session.