Forex Climbs After 2 Weeks

The currency market, seemingly in calm waters for almost two weeks, shot up Thursday triggered by negative political developments. 
The US dollar rose 4% in the open market and was sold for  136,500 rials on Thursday, up about 6,000 rials compared to   Wednesday’s trade. The euro was exchanged for 154,500 rials and the UK pound fetched 174,000 rials. 
Governor of the Central Bank of Iran was quick to warn that the  price surge is transitional and influenced more by political developments rather than economic fundamentals.  
Abdolnasser Hemmati blamed Thursday’s hike on opportunist dealers who always seek to “shake the forex market by riding high on negative climates” born out of political developments.