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Dollar Retreats from Highs; Market Hits the Brakes

The bullish momentum in the currency market has stalled. The dollar, which started the morning with buying excitement and pushed towards the 138,000 Toman channel, faced increased supply during midday trading and entered a corrective phase.
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Dollar Retreats from Highs; Market Hits the Brakes

The bullish momentum in the currency market has stalled. The dollar, which started the morning with buying excitement and pushed towards the 138,000 Toman channel, faced increased supply during midday trading and entered a corrective phase.

According to Shahr-e- Bourse, during today’s trading session (Wednesday, December 31, 2025), the free market dollar price in Tehran reversed its trend.

Traders who were buyers in the early hours moved to sell (taking profits) after observing relative stability in the Dirham remittance rate and a lack of new political news. Currently, the American greenback has retreated from its daily high and settled in the lower tier of the 137,000 Toman channel.

Currency Price Table

CurrencyCurrent Price (Tomans)Daily ChangeStatus
US Dollar (Free Market)137,250📉 0.5% Drop🔽 Correction
Euro (EUR)151,100📉 Slight Drop➖ Limited Range
UAE Dirham (AED)37,480📉 50 Toman Drop⚠️ Market Leader
British Pound (GBP)178,300📉 Tracking Dollar🔽 Bearish
Tether (USDT)139,200📉 300 Toman Drop🔽 Gap Closing

Why did the dollar drop?

  1. Technical Barrier: The 138,000 Toman channel acted as a tough psychological resistance. The price’s inability to stabilize above this figure prompted technical sellers to enter the market.

  2. The Dirham Effect: The UAE Dirham, the traditional leader of Tehran’s currency market, showed no significant upward movement today and remained in the 37,000 Toman channel, effectively pulling the handbrake on the dollar’s growth in Tehran.

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