The effects of exchange rate growth on the iron market
Price fluctuations in recent times have been caused by the recent surges in the iron ore market, as global prices are moving upwards and market players are reluctant to sell. Although real market demand is gauged against the volumes of stock market offerings, the continuation of this market trend can help feed the domestic market. Of course, as long as market-minded people are positive about the upward trend in prices, there can be no word on the trend of falling prices, no matter how much the underlying data suggests that price growth is not. However, the rise in the value of the free dollar means a new stimulus to increase the attractiveness of exports to the countries of the region, which can anxious the iron market in the psychological phase.
The growth rates of the recent rate hike should be considered important because this step-by-step rate hike will create new accelerators against price declines, as if the market rate hike has replaced price stability. The influx of liquidity into the steel market is still going on, and the psychological climate of rising prices does not even allow for the analysis of existing data, but how this upward trend began and how it will balance out when everything in the commodity markets finally reaches the stock market. Iran is back. The price of steel bullion on the stock market has seen a tangible growth in recent weeks, given that the growth of supply in recent days and weeks has not been able to slow down the growth of prices, although this may change.
On the other hand, the same rise in the exchange rate implies injecting a definite signal into the domestic market, and ultimately the free market has a direct impact on the stock price rise signal.