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USD/TL breaks new records with the latest developments in Turkish side. The depreciation of the Turkish lira since the beginning of the week continued today. The USD / TL parity rose to 3.82, while Euro / TL tested 4.03. The two main reasons for the depreciation of the Turkish lira continue to be the political uncertainty and the anticipation of monetary policy along with the constitution. On the other hand, we can say that a possible note discount for the upcoming Fitch rating is priced at the market. International credit rating agency Fitch is expected to issue its first appraisal of the year 2017 on January 27th. This decision is important because Turkey is currently the only institution that protects the credit rating on the 'investable' level.

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