The US Dollar Continues To Appreciate Against The Turkish Lira

The US Dollar Continues To Appreciate Against The Turkish Lira The US dollar continues to appreciate against the Turkish Lira. Starting the day at the level of 7.49, the US dollar has added a new one to its records. The depreciation of the Turkish Lira and the signals of recovery caused the US dollar / Turkish Lira rate to rise. The US dollar rate, which started the week above the level of 7.43, broke a new record this morning and traded at the level of 7.49.   The US dollar, which was in a downward trend as it approached the end of May, dropped below 2.0 and recorded its lowest level in the last two years. After this level, the US dollar gained in value for 6 consecutive days, showing the best daily performance of recent times. While the US Dollar Index continues to be traded above the level of 93.50, in parallel with it, the US dollar continues to gain value in international markets. The Turkish Lira, which has been negatively differentiated from the currencies of the developing countries for the last few months, has weakened considerably against these currencies. When looking at the last two weeks, it is clearly seen that the currencies of the countries, which developed in parallel with the rise of the dollar, are clearly seen. As a result, the Turkish Lira, which remained weak in the exchange rate, continues to lose its strength against the US dollar. On the other hand, with the developments such as US President Donald Trump's fueling the tension with China and the failure to take a step forward in the coronavirus (Covid-19) vaccine, the demand for the US dollar has also increased. The US dollar, which experienced the steepest monthly drop after March, seems to have put an end to this in September. In September, the increase in demand for the US dollar paves the way for a rapid rise in prices.