Dollar and Rial's Nuclear-Powered Game of Catch
Key Points
- U.S.-Iran nuclear talks in Oman are causing the rial to surg...
Who knew nuclear negotiations could make currencies bounce harder than a forex trader's heart on payday? As U.S.-Iran talks resume in Oman, the financial world is watching with bated breath and itchy trading fingers.
From Zeros to Hero: Rial's Redemption Story
Iran's rial just pulled off the comeback of the year, surging 15% against the mighty dollar to trade at 890,000 rials - finally giving currency traders something to rial-y about. Iran's foreign minister Abbas Araghchi dropped the magic word "constructive" about the nuclear talks, and boom! Tehran's stock index jumped 1.9% faster tha...
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