After the increasing expectation of interest increase by FED at the end of the year and Prime Minister Yildirim’s description of the presidential system, USD/TRY parity climbed its record level with 3.1132 yesterday. Today, the opening price of USD/TRY was 3.0900, and the parity is trading on the market with a little positive trend after opening the market. Euro is standing on the 3.41 level with more than %0.1 loss. Markets are focused on the description of Fed Chairman Janet Yellen who will speak at the 60th Economy Conference. The explanations will be followed about the timing of interest rate increase. Experts think there may be some positive developments on USD if the explanations about interest rate increase gets positive during the conference. Today, it’s predicted that there may be a bit decrease on USD/TRY parity because of the sales pressure on the market.
- Date: 14 October 2016 Fri 11:03
- Last Added
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