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:
-
Oil is continuing its trend over 52 USD level before US stock data
-
Central Bank of Turkey has increased the inflation expectation for 2018
-
Chinese Consumer Price Index stayed under the expectations
-
Gold market is trading the highest level of last six months
-
Australian economy protects its monetary policy
-
China foreign trade surplus increased in January
-
Gold market is losing value with Fed expectations
-
Oil market protects its strong trend after weekly oil stock data in the USA
-
Gold is experiencing trough levels on global markets
-
Fed's politics interest decision gives direction to the global markets
- 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....