Exchange rates continue to fall today after yesterday’s setbacks that exceeded 1 percent.
Starting the second day of the week at level 8.27 dollar / TLhe retired at 8:20 in the middle of the day. Decreasing just under 10 lira in the morning hours. euro / TL It reached 9.9080 as the lowest intraday level at 14:10.
Interest on US Treasuries, which put pressure on developing country currencies with increases in March, followed a stagnant course at around 1.57 percent after having declined relatively in April. The dollar index is at 90,947 yesterday, after falling to the lowest level since March 3 at 90,679 yesterday.
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Today announced that President Erdogan in the market with the reflections of the 17-day full closure measures followed by the US-Turkish relations.
GLOBAL MARKETS ARE WAITING FOR THE FED
No change in monetary policy is expected at the Fed’s two-day meeting ending tomorrow. However, the market will closely follow comments from Fed Chairman Jerome Powell, who will likely face questions about whether improving conditions require a loosening of loose monetary policy.
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