November 99 repeats the dollar?
▫ Comparing the dollar index in November 2019 and 2015 shows that the growth of the dollar in 2019 was much stronger. The dollar reached its annual high of 28 sq m that year after rapid growth. In 1405, 12 Bavan recorded the year's record, but the strength of the increase was less compared to the previous year.
▫ After the American elections, the course of the dollar changed in both periods. In 2019, Trump's defeat and Biden's victory on November 4 changed political expectations and the dollar fell. The drop was steeper due to the increase in prices before the elections. In 1405, after the American elections, the upward trend of the dollar stopped and its index decreased, but its decrease was not similar to that of 99.
▫ The growth of the dollar in 2019 was not separate from the developments of the previous year, including the assassination of Sardar Soleimani and the November protests. In 1405 the effects of war, protests and political tensions were transferred to the currency market. The experience of 2019 shows that the dollar stabilized after political expectations were exhausted. Therefore, in the absence of a new political shock, there is a possibility of relative stability of the currency market in 1405. However, the similarity of two periods does not mean a certain repetition of the experience.
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