Speculators took advantage of the region’s tensions to make profits in the dollar markets – Sudanese Advisor
Speculators took advantage of the region’s tensions to make profits in the dollar markets – Sudanese Advisor
1-30-2024
Baghdad – 964
Mazhar Saleh, financial advisor to the Prime Minister, confirmed that the rise in dollar prices these days is linked to regional security tensions, indicating that speculators have exploited these conditions to achieve profits under the pretext of fear and misfortune.
Saleh said in an interview with the official newspaper, followed by the 964 network , that “the issue is linked to regional security tensions, which provide colorful or ambiguous information that affects the decisions of speculators in the secondary exchange market when buying and selling, which prompts them to hedge by a point or two above the current market trading prices or prices.” Trading in it in such cases people are accustomed to it.”
He explained that it is “behavior practiced by speculative forces to achieve emergency or estimated profits under the pretext of misfortune and fear, because the decisions of this market are based on various information as inputs that influence the decisions of those dealing with it. Therefore, these markets are considered among the most sensitive financial markets and live in their daily speculation on news, rumors, and conflicting information.” To determine prices, which is a cost that disappears when the influencer disappears.”
964media.com
