Dollar / TL is trading above 6.90 after yesterday's rise

Dollar / TL is trading above 6.90 after yesterday's rise

According to retail sales and industrial production data announced by the USA the other day, the capacity utilization has fallen to its lowest level in 10 years, while it has experienced the strongest decrease since the measurement date. The spreading of the coronavirus pandemic in the USA and the country's epicenter in the epidemic stopped both social life and the economy. Following the announced IMF report, global risk appetite fell again this week with US data released yesterday, and the dollar and gold appreciated. While all of the currencies of the developing country fell against the dollar the other day, TL was also seen to be above 1%, and the USD / TRY rate reached its highest level after the historical summit seen in August 2018 with 6,9255. At the exchange rate that started today at the level of 6.91, the levels of 6.95 and 7.0 are followed as resistance, while in the daytime retracements, they are followed as 6.83 support. Today, it was announced that the statistics that monitor the CBRT's foreign currency reserves, domestic residents' foreign currency accounts and foreign investor transactions will be announced. In the US, unemployment benefits, which have reached 17 million in the last 3 weeks, are expected to increase by another 5 million.