The signal of the currency market to the exchange / dollar is 15 thousand tomans?

According to Tejarat News, according to experts Currency market signal to the stock market Also, the uncertainty of negotiations to revive the JCPOA has caused the stock market to enter a recession phase.

The index of Tehran Stock Exchange ended its work today, Monday, August 24, 1401 with a slight growth. The growth of 44 units of the total index caused the number of 1 million and 463 thousand units to be registered on the stock market boards. On the other hand, the total equal weight index experienced a relatively good growth; In such a way that the index jumped by 1,782 units and stabilized at 397,000 units.

What is the reason for stock market stagnation?

The capital market is spending these days while the news about the revival of the JCPOA indicates that uncertainties in this field are rising. On the other hand, there are some positive signs that strengthen hopes for the revival of the JCPOA. But on the other hand, some other news disturbs this hope.

The stock market is also affected by these conditions of uncertainty, fear and hope and is in a severe recession. Many experts also believe that determining the task of the JCPOA can untie the knot in the work of the JCPOA. However, the recent price fluctuations in the currency market and the fall of the dollar rate to the channel of 29,000 tomans have caused doubts to the shareholders.

Due to this issue, there is a fear among the people of Bursa that the government will intervene in the currency market in case of revitalization of the JCPOA. An intervention that can lead to a temporary decrease in the dollar rate by compressing the price spring. But experience has proven that such a price reduction is not only not sustainable, but also inflicts a severe blow on the country’s economy.

Currency market signal to the stock market

Of course, some people believe that if the JCPOA is revived, the government will try to control the dollar rate by sprinkling currency in the currency market. Some economists have even mentioned the possibility of the dollar falling below 20,000 tomans and even the realization of the dollar at 15,000 tomans. A point that has worried many financial market activists.

Now, most experts believe that the signal of the foreign exchange market to the Tehran Stock Exchange has caused stagnation in the market. However, the vast majority of experts consider such an event not only unlikely but also impossible. The argument of these people is also illogical and unreasonable of such an action by the government. However, many believe that the government will not have the ability to exchange currency on a scale that can lower the dollar rate even if the blocked resources are released.

However, the defenders of the idea of ​​dropping the price of the dollar to the range of less than 20 thousand tomans believe that the government’s behavior in the last one year has not been reasonable. Therefore, they believe that if the government has access to the blocked resources, a significant part of it will be considered for intervention in the currency market. Of course, it should not be forgotten that the same group of economists also emphasize the devastating effects of implementing such a program in the country’s economy.

A dollar is 15 thousand tomans?

The consensus of opinion among financial market experts about the exchange rate also indicates that the price will decrease slightly if the JCPOA is revived. In other words, it can be said that the defenders of the 15 thousand toman dollar opinion are in the minority. But in general, most analysts believe that if the JCPOA is revived, we can see a temporary and emotional drop in the dollar rate. But this group of economic experts believe that this reduction cannot be more than 10-15% of the current price of the dollar. Hence these people Currency market signal to the stock market despite the drop in the dollar rate in recent days, they are not considered negative.