WANA (June 27) – Trump Causes Drop in Currency Rates in Tehran Market!

 

Recently, the re-circulation of an old video of the former U.S. President caused a significant drop in the exchange rates.

 

In the video, former U.S. President Donald Trump is willing to negotiate and improve political and economic relations with Iran. As a result, some market participants, believing the video was recent, sold their assets, leading to a decline in exchange rates.

 

However, some technical analysts believe the market’s downward behavior yesterday was due to a trading pattern. These analysts consider a continued decline in exchange rates in the coming days to be likely.