Dollar / TL Rate Broke its New Record

Dollar / TL Rate Broke its New Record Dollar / TL rate broke its new record. The Dollar / TL rate broke its record with the level of 8.3480. By the last trading day of the week, second wave concerns have also increased due to the increasing number of Coronavirus (Covid-19) cases all over the world. Especially the fact that European countries have become the new epicenter of the epidemic has brought quarantine practices in many countries. While curfews were imposed in France, the state of emergency was extended to May in Spain. Germany restricted social activities, cafes and bars were closed. In addition to European countries, the number of cases in the USA, India, Brazil and Russia has reached alarming levels. After the German Chancellor Merkel announced that they were tightening the measures, the European indices  also followed a sale weighted course on the last trading day of the week. The DAX and Euro Stoxx 50, which returned all of the earnings of the last months, are moving stable today. Looking at the US futures, it is seen that there has been a sharp decline this week. While the S&P 500 futures have lost nearly 6 percent since the beginning of the week, the indices are trading with a limited positive rate today. As a result of the increase in the number of cases in the world and at home, the BIST 100 recorded its sharpest decline this week due to the increase of measures in Europe, our trade partner. The index, which lost 1.70 percent today, is watching at 1.106 thousand points. In addition to these, the rate of increase continues. After the CBRT's decision to keep the policy rate unchanged, the Turkish lira is further weakening against foreign exchange rates. Due to these developments, the TL is traded as the currency of the developing country, which has lost the most value.   While the dollar / TL rate broke the new record with 8,3480 in the minutes of the article, the euro / TL rate saw 9.74 and the British pound / TL exchange rate reached 10.80.   This article has been prepared with the contributions of investing.com.