The dollar is falling below the psychological threshold

Yesterday, the price of dirham remittances quickly went below 7,100 tomans, and this issue also acted as a decreasing signal in the domestic foreign exchange market. However, some activists stated that in order for the price of the dollar to continue to fall more rapidly, it needs to lose the 7,000 toman dirham. In fact, a dirham drop to the 6,000 Toman channel can act as a signal for the dollar to fall to the 24,000 Toman channel. Some activists also believed that the changing market climate and expectations, due to some political news, paved the way for falling prices in the foreign exchange market. From this group’s point of view, the approval of the Supreme Leader’s approval of the extension of the FATF review period in the Expediency Council played an important role in the expectations of the currency players. The traders thought that the extension of the review would pave the way for the passage of the bills requested by the Financial Action Task Force from Iran. But why is the passage of these bills so important to the market?

Some currency traders believe that the increase in the value of the dollar this year has been partly due to Iran’s move to the FATF blacklist, and as a result, they think that if they are removed from the blacklist, an upward factor will leave the market. The group says that by leaving the blacklist, Iran will have easier access to foreign exchange earnings, and countries such as China and South Korea will increase their cooperation with Iran. On the other hand, there were those in the market who, on the one hand, believed that Saturday’s fall in the dollar had nothing to do with the news about the FATF, and on the other hand, believed that sanctions were important for the market and that other issues would not have much effect on market prices. Had.

On the day when the price of the dollar fell, the All Spring Freedom coin also chose a downward path to move and lost the range of 11 million and 800 thousand tomans. The coin had not experienced figures below that range for more than two weeks. At one o’clock yesterday afternoon, the coin was traded at a price of 11 million and 790 thousand tomans, which was 160 thousand tomans lower than on Thursday. The coin fell in a situation where this precious metal had fluctuated above the 12 million Toman channel for three days last week.

Some activists believed that the drop at the beginning of the week and the loss of the support range indicate that the coin will continue to decline this week. Domestic precious metal lost more than 40 percent of its value last week and started the week with a decline of 1.4 percent. The drop in coin prices came at a time when some traditional market players believed that on the eve of Shabilda, the demand for coins would increase and this would cause the price of coins to rise. Some believe that coin prices may not be affected by the night, but small coins such as quarter coins can increase demand and people can use them to give gifts to each other. In a situation where the Imami coin had experienced a big drop yesterday, the quarter coin remained at the same number of 4 million and 250 thousand Tomans on Thursday. This could indicate that the demand for a quarter of the coins in the market was higher than the Emami coin, and this was influenced by Yalda night.