The high course in the dollar rate, which saw its historical record by exceeding 20 TL yesterday, continues. Last night, the dollar crossed 20.47 TL in the free market and saw its highest value of all time.
IT HAS BEEN OVER 20 LIRA AGAIN
The dollar, which reached the highest value in the history of the Republic, fell to the levels of 19 liras and 96 liras again in the morning after this peak. However, when the clocks showed 11.30, it was seen that the dollar/TL rose above 20 liras again. In the same minutes, euro/TL is traded at 21.4536 and sterling/TL 24.88.
BALANCED AT THE HIGHEST LEVEL SINCE 17 MARCH
While the dollar index stabilized at 104.1, the highest level since March 17, after a four-day upward trend, the euro/dollar parity rose by 0.1 percent to find buyers at 1.0740.
MIXED TRACK CONTINUES IN GLOBAL MARKETS
Global markets are following a mixed course with the debt limit crisis in the USA and uncertainties regarding the US Federal Reserve’s (Fed) monetary policy. While US President Joe Biden and Speaker of the House of Representatives Kevin McCarthy had several productive discussions on the debt limit yesterday, the cash amount of the US treasury fell from $ 76.5 billion to $ 49.5 billion yesterday. On the other hand, while the US economy grew by 1.3 percent in the first quarter of this year, above expectations, the increase in the personal consumption expenditures price index was recorded as 4.2 percent in the first quarter of the year.
25 BASE POINTS OF INTEREST INCREASE SIGNAL IN JULY
Analysts stated that the expectations for the bank to increase interest rates by 25 basis points in the next month’s meeting in the pricing of money markets, after the macroeconomic data that exceeded the expectations, exceeded 40 percent, adding that if there is no interest rate increase in June, it is predicted that there will be an 84 percent probability of a 25 basis point increase in the July meeting. Analysts, who stated that the news about the US debt limit crisis will be followed with personal income and expenditures, durable goods orders and the May consumer confidence index data of the University of Michigan today, said that technically, 102 in the dollar index is support and 105 is resistance. reported.