Decrease in Dollar / TL Accelerated after IMF's Statement

Decrease in Dollar / TL Accelerated after IMF's Statement

USD / TRY morning hours of the afternoon watching from August 2018 to the highest level since the Fed's 2.3 trillion dollars in additional aid and the IMF took place after more than 2 percent decline of Turkey said. With the optimism in the global markets that the coronavirus pandemic cases have decreased, the exchange rate, which has regressed until 6.70 but cannot hold here, has started to rise again. The dollar rose up to 6.7929 against TL this morning. With the US Federal Reserve's $ 2.3 trillion additional aid announcement during the day, the dollar fell more than 2 percent and fell below the 6.70 limit to 6.6217. IMF chief Kristalina Georgieva said that the constructive contacts with all member states, including Turkey, was also a boost to the rate of decline. The Fed's minutes of March meeting issued last day showed that the authorities are concerned about the effects of the coronavirus on the economy. Members said in a statement that the economic outlook will deteriorate in the next few weeks. In the short term, the global risk appetite is expected to be the determinant of TL's performance.