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.  

Comment Send

• 

  The expectations about interest increase is getting stronger

• 

  There are some revisions predicted in ECB Report

• 

  Deutsche Bank is talking about the capital increase

• 

  Global markets are worried before oncoming USA elections

• 

  Global markets started to focus on PMI data in the world

• 

  Germany is pricing strong economic growth

• 

  Global markets are pricing the increasing house sales data in the USA

• 

  Gold market is trying to exceed 1250 USD level

• 

  Chinese Yuan Experienced a Record Loss in the last six years

• 

  Gold started to earn value after conflict conditions and risks