Current Situation in the Exchange Rate

The recent pause in domestic foreign exchange markets showed itself in the new week. So, as of June 29, 2020, what is the latest situation in the exchange rate in the interbank market? The global market signaled a recovery after the coronavirus outbreak was under control. However, the start of the normalization process with the decision of the countries caused the number of cases to increase again. With the second wave of concern caused by this situation, a calm atmosphere prevailed in domestic markets. Dollar / TL is at 6.85 levels on the first traded day of the new week. Euro / TL is traded at 7.70 TL. Analysts pointed out that with the normalization process, the Economic Confidence Index increased by 19.1 percent on a monthly basis to 73.5 in June and announced that the Consumer Price Index in Germany and the residential sales data pending in the USA will be monitored abroad. Analysts, who stated that the news flow has remained in the focus of the agenda with the increase of the second wave concerns about the coronavirus outbreak, stated that in terms of technical terms, $ 6.80 stands out as support and 6.87 stands out as resistance.