Fundamental analysis of dollar price in Iran

The price of the dollar in the open market, which had been decreasing in recent days, was traded with a short change of direction according to field observations of the market.

According to field reports, the dollar returned to the corridor of 60 thousand tomans and was bought at the rate of 60 thousand tomans. Of course, these market conditions were the same as on Sunday of this week, the price of the dollar had returned to the channel of 59 thousand tomans.

Even though the traders state that supply and demand are in balance, but due to the political calm and the absence of an increase signal in the currency market, the growth of demand can be seen as the reason for the increase in the price of the dollar. It seems that the dollar price is resistant to returning to the 50,000 tomans corridor and does not easily give up the sixth corridor.