Dollar rate dropped by 20 groszy. Iran appealed to the USA. A breakthrough in the Middle East will shift the USD/PLN and EUR/USD?

Iran asks the US to unblock Hormuz
Dollar and euro rates on Wednesday, April 29

Iran has appealed to the United States to lift the maritime blockade of the Strait of Hormuz, conveyed Donald Trump.

Iran asks the US to unblock Hormuz

Tehran decided to take this step as part of ongoing peace negotiations aimed at setting the conditions for ending the war in the Middle East.

“Iran just informed us that it is in a ‘crisis state’. They want us to ‘open the Strait of Hormuz’ as soon as possible, while they are trying to sort out the situation at the top of power (which, I think, they will manage to do!)”, Trump said in a post on Truth Social.

The situation became more complicated after the UAE’s Tuesday announcement of its intention to leave OPEC and OPEC+ on May 1.

As Reuters reported, the blow to the organization dealt by the UAE is a “victory” for the US president, who in 2018 was accused of “stealing from the rest of the world by inflating oil prices”.

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More on this was written in the article: Shock in the oil market. UAE leaves OPEC and OPEC+. Reuters warns of “chaos”.

The parties to the conflict differ mainly on the vision of ending hostilities, which, according to Tehran, should not focus on limiting the country’s ability to develop its nuclear program.

dollar rate dropped by 20 groszy iran appealed to the usa a breakthrough in the middle east will shift the usdpln and eurusd grafika numer 1 ✕

Source: Truth Social.

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Also read: Will the dollar rate see a breakthrough? Trump decided on peace in Iran. Expert: “Getting to him is full of obstacles”

See also: Dollar rate on a long road to 4 PLN? Expert issued forecasts for USD/PLN and EUR/USD. “The dollar may gain”

Dollar and euro rates on Wednesday, April 29

The dollar to zloty rate on Wednesday, April 29 is at 3,63 PLN after falling by over 20 groszy compared to levels recorded in the same period last year.

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Chart. Dollar to zloty rate (USD/PLN)

dollar rate dropped by 20 groszy iran appealed to the usa a breakthrough in the middle east will shift the usdpln and eurusd grafika numer 2 ✕

Source: TradingView.

The euro to dollar rate reaches 1,16 USD.

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Chart. Euro to dollar rate (EUR/USD)

dollar rate dropped by 20 groszy iran appealed to the usa a breakthrough in the middle east will shift the usdpln and eurusd grafika numer 3 ✕

Source: TradingView.

Also read: Will the dollar surprise again? Expert issued a forecast for USD/PLN and EUR/USD. “It’s hard for me to believe there will be no more fires”

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See also: Dollar rate before a “nervous and dynamic” move, euro waiting for a drop? Expert issued a forecast for USD/PLN and EUR/USD

Source: Truth Social, Reuters,

FXMAG Team

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