Dollar / TL Rate Followed a Horizontal Course

Dollar / TL Rate Followed a Horizontal Course Dollar / TL rate followed a horizontal course. The currency traded sideways before noon today, after completing Wednesday at 7.9287. The dollar / TL rate followed a positive trend this week and tested above the 8 level in Tuesday's transactions, exchange rate is floating above 7.90 today. In today's transactions, the dollar / TL was traded at 7.9435 with a loss of 0.18 percent at TSI 10.15. Euro / TL traded at 9,4832 level. While the one-year trading range in the currency is between the levels of 8.5793 - 5.7156, the 1-month moving average is 8.0060, the 50-day moving average is 7.9081, and the 100-day moving average is 7.5467. Following the flow of economic news and the "new era" emphasis in President Erdogan's recent speech, there was a sharp decline in the currency. Exchange rate closed the week on 7.6381 after the Central Bank of the Republic of Turkey (CBRT)’s first policy meeting chaired by President Naci Ağbal with a decision to set up 475 basis points increase in interest rates. Borsa İstanbul, on the other hand, performed a record closing yesterday. BIST 100 Index closed the day at 1,325.47 points. The indicator index reached 1,332.78 points with an increase of 0.56 percent.