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USD’s Bullish Run

USD’s  Bullish RunUSD’s  Bullish Run

The US dollar, the most widely traded currency in Tehran’s foreign exchange market, once again gained against rial in both the open and official markets on Monday to maintain its uptrend against the Iranian currency. The greenback was traded for 39,160 rials and 33,834 rials in the open and official markets, respectively. This is while the exchange rate of USD in Tehran’s market had not exceeded 38,920 rials a week ago. Euro, the other high-demand currency, registered a 160-rial drop compared with Saturday’s close and changed hands for 46,780 rials. This is the lowest value of the European currency in Tehran’s market in more than a month.

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