Business And Markets

Volatility Returns to Forex Market

Volatility Returns to Forex MarketVolatility Returns to Forex Market

A new round of volatility returned to Tehran's chaotic foreign exchange market Tuesday amid rising uncertainty and prospects of further political tensions. 
Quoted below 260,000 rials in the early hours of trade, the dollar jumped to 263,000 rials later to close 4% higher compared to the earlier session. 
The greenback gained signals from parliament that was seen by currency dealers and speculators as escalating political tensions and the likelihood that the national currency could take fresh hits. 


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