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
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