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

• 

  Fitch made changes on Credit Rating of some countries

• 

  Gold is experiencing trough levels on global markets

• 

  Global markets are waiting developments from FED meeting deliberately

• 

  The USA September Non-Farm Payrolls Data Has Been Announced

• 

  Global markets focus on taking risks after Fed decision

• 

  Industrial production declined in Japan

• 

  Retail Sales in the USA is showed a strong increase in September

• 

  Yellen focuses on the independent conditions of Fed

• 

  EUR/USD is continuing upward movement today

• 

  Trump talked about tax reform in the USA