Rise in USD / TL Exceeds 1 Percent

Rise in USD / TL Exceeds 1 Percent Rise in USD / TL exceeds 1 percent. Dollar / TL rate, which completed Thursday at the level of 7.8841 and then started with a limited rise on the last trading day of the week. This week, there was a limited increase in exchange rates. After the data announced last week, the dollar / TL rate, which completed at the level of 7.8011, was traded above the level of 7.90 in the morning hours today. Currency gain accelerated towards noon. Dollars / TL gained 0.99 percent at 11.30 and traded at 7.9625. The Bloomberg Dollar Spot Index (DXY), which measures the value of the US dollar against major market currencies, followed a negative trend in the morning hours on Friday and then turned its direction up. The market closely followed by the European Union Leaders Summit for implementation of sanctions against Turkey. According to the news in Bloomberg HT, the Leaders Summit, EU leaders has decided to hold their expansion activities against Turkish Petroleum Corporation (TPAO), which EU blacklisted two employees already. US plans to invest in Turkey’s S-400 air defense system procurement plans. This important development is closely followed by the market. US President Donald Trump signed the package of measures recommended by Secretary of State Mike Pompeo, according to the report compiled by Bloomberg. Sources close to the subject refused to provide information on what the sanctions included.