Currencies Rally for 3rd Day

Foreign exchange rates gained against the rial for the third straight day contrary to expectations about further decline and the prospects of a stronger rial following optimisms about ease of economic sanctions with the change of government in the United States.  
On Tuesday the US dollar gained 3.97% and fetched 277,000 rials in Tehran's free market. Bank-affiliated exchange bureaus tagged the greenback at 271,000 rials.  
The euro jumped 5.23% from 314,500 rials the day earlier to 331,880 rials. Melli Exchange, affiliated to Bank Melli Iran, quoted the European currency at 310,500 rials.