Dossier
riyal
Coverage of riyal in the Nexus archive.
- World shares decline as bond market pressure persists, and Iran's rial sinks against the dollar
Global markets faced pressure as world shares declined and oil prices slipped amid concerns over persistent bond market stress. Iran's rial fell to a record low against the U.S. dollar due to sanctions, while inflation remains above 3% globally. Rising yields, such as the 10-year Treasury yield at 4.73%, are expected to weigh on consumer spending.