USD/TL parity is trying new records with 3.42 level which is the historical top point of parity. Yesterday, the USD/TL parity has broken a new record with exceeding 3.41 level. The increase in the USD/TL is also due to the strengthening of the Fed's interest rate expectations. The Fed's reports, released yesterday, showed that many officials were looking for interest rate hikes in the near future. Strong durable goods orders announced in the US yesterday and consumer confidence data also supported interest rate hikes.The parity tested the highest level with the level of 3.4201. The Turkish Lira was the most depreciated currency in the emerging markets.
- Date: 24 November 2016 Thu 12:07
Comment Send
Similar Threads:
-
American Bond Market started to focus on the expectations of fiscal policies
-
FED’s Interest Increase Speculations are pricing market data
-
Yuan is Experiencing a Critical Period on the Market
-
There are some revisions predicted in ECB Report
-
Gold market will focus on US Non-Farm Payrolls Data in next days
-
Emerging Country Stocks are losing value after increasing expectations of interest increase by FED
-
Oil is trying 50 USD level with OPEC’s alternative solutions about Iraq Problem
-
Oil is maintaning its steadiness on world economies
-
We've completed a busy week after elections
-
China’s Unexpected Export Data is Affecting USD Negatively
- Popular
- Last Added
-
French Presidential elections are affecting the positive atmosphere on Euro
French Presidential elections are affecting the positive atmosphere on Euro... -
Inflation rate is testing record levels in Turkey
Inflation rate is testing record levels in Turkey... -
Non-farm payrolls data of the USA increased
Non-farm payrolls data of the USA increased... -
Fed's politics interest decision gives direction to the global markets
Fed's politics interest decision gives direction to the global markets... -
Oil market is trying to find a direction
Oil market is trying to find a direction at the last times....