Horizontal Course In USD/TL Rate

In the second trading day of the week, when the dollar index declined in global markets, the USD/TL is following a horizontal motion.

Horizontal course in USD/TL exchange rate. While the US dollar weakened against the currencies of many developing countries, some currencies diverged limited. Among these currencies, Turkish Lira was also included. On the second day of the new week, when the dollar index started with a limited decline, the USD/TL exchange rate is following a horizontal motion. The daily increase of the USD/TL, which is traded around 8.11, has been recorded as 0.26 percent. In addition, Turkey's risk premium was 400 basis points, while the benchmark bond interest was 17.91 percent. According to the report prepared by QNB Finansinvest analysts, it is in a position of support for the 8.00 level for the USD/TL exchange rate in the stock market. In the report, which pointed out that there is limited reaction reception, according to analysts, again 8.20 will be followed as resistance. Two Treasury auctions to be held today in domestic markets will be followed. The Ministry of Treasury and Finance will re-issue government bonds with a 4-year maturity, 6-month fixed coupon payment and 7-year-term floating rate, 6-month coupon payment, and direct sales of the CPI-indexed lease certificate with a 5-year maturity, with a 6-month lease payment.