Horizontal Movement in USD/TL Rate

Horizontal movement is observed in the USD/TL exchange rate. It is traded at the level of $ 7.34 in the time of writing. The dollar/TL rate, which saw below the 200-day average on Thursday, exhibits a horizontal movement this morning. Yesterday, dollar/TL rate declined to 7.24 level, transaction level was 7.3440 at 10:30 am today, the Euro / TL rate was traded at 9.0069. The currency basket was recorded as 8.1755. The dollar, which profited against major currencies yesterday, has not changed significantly today. The yield of 2-year Treasury bonds decreased by 11 basis points and was recorded as 14.8 percent. 10-year dollar bond yield fell 6 basis points to 5.52 percent. The 5-year loan default swap (CDS) premium did not change much, with 312 basis points. Central Bank of the Republic of Turkey (CBRT) announced weekly securities and banking data yesterday. According to the data released, non-residents made the hardest sale of Turkish assets in five years during 2020. On the stock side, at least until 2005, the hardest rise was observed, while the hardest sales in five years on bonds were recorded. As for today; The Ministry of Treasury and Finance will announce the cash budget balance figures for December and the whole of 2020 at 5:30 pm.