Dollar Price Forecast for Thursday, 23 Mehr 1405: Will the Dollar Rise or Retreat?

The currency market will open Thursday's trading cautiously after the dollar's price increase and intensifying political concerns. Persistent regional tensions could strengthen precautionary demand, while positive diplomatic news or an increase in currency supply could also shift the price trend.

The foreign exchange market starts trading on Thursday in cautious conditions after increasing the price of the dollar and intensifying political concerns. Continued regional tensions could bolster cautious demand, but positive diplomatic news or an increase in currency supply could also change the course of prices.

Sefir Arjan-Economic Group: The price of the dollar went up to 260,000 Tomans in trading on Wednesday, October 21, 1405, with increasing demand, and at the end of the evening trading, it closed at 261,000 Tomans. This banknote increased by four thousand tomans compared to Tuesday.

While the foreign exchange market was affected by demand reduction and supply management in the past days, heightened concerns about the possibility of a resumption of military conflicts have once again affected traders' expectations. The publication of news and speculations about the possibility of US military action against Iran and the possible accompaniment of Israel has added to the cautious atmosphere of the market.

The most important factor affecting the transactions of the fifth day of the week was the increase in political uncertainty and concern about the escalation of regional tensions. In such an environment, some traders turned to buying currency to protect the value of their assets.

It is worth mentioning that increasing concerns about the future of political developments can strengthen the precautionary demand and reduce the supply effect. In this situation, traders' behavior and their desire to buy currency will be one of the determining variables in Thursday's trading.

Economic experts believe that if the tension-causing news continues and the cautious demand remains in the market, the price of the dollar can fluctuate in the higher ranges of the 260 thousand toman corridor.

On the other hand, the release of positive news through diplomacy or an increase in currency supply can reduce the intensity of demand and provide the basis for price stabilization or limited correction. Therefore, the growth of the dollar price on Wednesday alone is not enough to confirm the beginning of a sustainable upward trend, and the direction of the market movement depends on political developments and the balance of supply and demand.

The agreed dollar price today, Sunday, September 15, 1405, was accompanied by an increase of 481 thousand tomans and reached 160 thousand 983 tomans on the selling side.

Abdul Naser Hemmati, the Governor General of the Central Bank, in his latest statements, emphasized that this bank will not be a spectator of abnormal market fluctuations in the current situation.

The recent increase in the price of the dollar is not only caused by political risks, but also by the chronic inflation of the Iranian economy. Criticizing the temporary policies of the central bank, Barzo Haqshanas emphasized that demand management with dollar spraying is not a sustainable solution to control the currency market.