Rial: New Trend Channel Taking Shape

For the past four months, depreciation of the Iranian rial has followed a clear channel and we expect it to continue along this path. At the time of writing it was trading at IRR10,097/US$, which is already through the revised year-end target we set on October 8 of IRR10,000/US$ (see Rial: Disorderly Decline Possible).

To read the full article, please choose one of the following options: