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Iran: Forex Rates Cross Resistance Level

Iran: Forex Rates Cross Resistance Level Iran: Forex Rates Cross Resistance Level

Foreign exchange rates on Wednesday continued their upward trajectory with the US dollar crossing the resistance level of 150,000 rials in Tehran's open market. 
Currency rates were mostly stable in the past two weeks but the looming US sanctions due to take effect on November 4 seem to have had a psychological effect. 
The euro was traded for 175,000 rials, up from the previous day's 169,000.

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