Inflation Expectations Roiling Forex Market

The recent hike in currency prices in the domestic market is largely due to inflationary expectations, which in and of itself has more reasons than one. 
“US mid-term elections will be held on Tuesday [today] and it is widely believed that the Republicans will take control of both houses of congress,” Vahid Shaqaqi Shahri, an economist told the news agency IBENA.
Moreover, the “Iran nuclear talks with world powers has been stalled and it is expected that pressure on Iran will increase in the coming months,” Shaqaqi Shahri noted.