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.  

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  USD/TRY is Testing New Records

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  Oil market is giving different signals

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  USD/JPY parity is experiencing the strongest 15-day increase at last years

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  Asian Stocks are Getting Stronger with the Opening of Markets

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  Global markets are waiting developments from FED meeting deliberately

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  FED’s Interest Increase Speculations are pricing market data

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  Trump talked about tax reform in the USA

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  American bonds are feeling sales pressure

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  Oil is losing value after concerns about supply side

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  European Central Bank makes a revision on growth and inflation forecasts