Dollar Price Today, Thursday 23 Mehr 1405 / Dollar Rises 4,000 Tomans Amid Political Concerns

The dollar rose by 4,000 tomans in today's trading amid concerns over political developments in the coming days and the risk of weekend holidays, drawing traders into the market.

The price of the dollar in today's transactions was accompanied by an increase of 4 thousand tomans; Worrying about the political developments of the coming days and hedging the risk of weekend holidays, brought the traders to the market.

According to the report of Ambassador Arjan, the price of the dollar in today's transactions has increased by four thousand tomans compared to the previous day, until the moment of writing this report, it has reached the figure of 265 thousand tomans. The American bill started its upward path yesterday and entered the 26th Corridor, and continued this path with more strength today.

Several factors have contributed to this increase. Traders are worried about political developments in the coming days, and the talks of Iranian and American officials about the possibility of resuming conflicts have fueled these concerns and increased demand in the market. Besides that, the situation of the Strait of Hormuz and the news of the imminent American attack have inflamed the psychological atmosphere of the market even more.

In such a situation, as the weekend holidays approached, the traders started to cover the risk and turned to buying foreign currency to avoid possible developments during the holidays. This cautious behavior increased the demand pressure and fueled the price growth.

On the other side of the market, the euro was traded at 298 thousand tomans with an increase of 6 thousand tomans compared to the previous day and started an upward trend along with the dollar.

Economic analysts believe that until a clear picture of the fate of political tensions is drawn, the currency market will remain within these limits with significant fluctuations, and any new news can change the course of prices. According to experts, in the current situation, political developments are still the most important variable affecting the exchange rate, and the market is more sensitive to news and political signals than reacting to fundamental economic variables.

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