Dollar Started the New Week in Horizontal Course

The dollar, which has been trading around the 6.85 level for a long time, started the new week on a horizontal course. Today, domestic production and retail sales data have been shared. According to these data, industrial production, which experienced a record contraction in April, increased by 17.4 percent in May, while it decreased by 19.9 percent on an annual basis. Retail sales contracted by 3.8 percent in May, after shrinking by 20 percent in April. However, the annual shrinkage continued in May. While the first trading day of the week with weak data flows, The dollar starts with a slight decline in the global markets. The US Dollar Index is trading at 96.60 above EUR / USD 1.13 and gold above $ 1.800. While the dollar gained some value against pesos, dice, Brazilian real, Thai baht and Turkish Lira from the developing country's currencies, the ruble recorded a slight decline against the Senegal dollar and the Malaysian ringit. The exchange rate, which has risen above the level of 6.80 as of June 11, has remained in a very narrow band near 6.85 in recent weeks. In the exchange rate, 6.92 for the upside and 6.80 for the downward are followed as the first levels for downward breaking.