FX-dollar / TL starts the day with sharp fall

FX-dollar / TL starts the day with sharp fall

ANKARA, March 3 (Reuters) - The dollar / TL started the day from 6.2640 levels yesterday to 6.18 levels this morning, expecting G7 countries to take measures together against the economic impact of the epidemic. The currency traded at the level of 6.1800 / 6.1840 at 0837 after seeing the lowest 6.16. The dollar / TL has been under strong sales pressure for the last two weeks with the geopolitical tension that has climbed well after the attack on Turkish soldiers in Idlib last week and the concerns of the coronavirus that maintain its agenda. exchanges and oil prices have increased their gains due to the growing speculation that policymakers around the world will take action to protect the economy from the effects of the coronavirus before the G7 conference call. According to the information he gave, the finance ministers of the G7 countries are expected to hold a conference call today at TSI 1500 to address the measures needed to deal with the coronavirus outbreak and its economic implications. "The expectation that the G7 countries can announce financial support first, and then the G7 countries can announce financial support increased the risk appetite," added the bank's currency desk processor. "Geopolitical developments President Erdoğan's visit to Russia, relations with the EU and the US continue to be closely watched." Yesterday, the currency started to decline with increasing expectations that the economic effects of the coronavirus, especially the USA, would be responded with a global interest rate cut. Likewise, this was reflected in TL-denominated markets as a gain of value.