Turkish Lira Started the Day With A Loss
The Turkish lira, which fell on Thursday due to the strong sales wave in global markets, depreciated against the US dollar in the first transactions.
Turkish Lira started the day with a loss. Turkish Lira fell sharply due to the strong sales wave recorded in the global markets in Thursday's transactions, started the last trading day of the week with a decline.
The sales pressure that occurred with the decline in the risk appetite in the global markets made itself felt in the first transactions on Friday.
In the shallow transactions recorded in Asian markets, the
USD/TL exchange rate, which started the day at 7.35 level, reached the critical level of 7.40. Exchange rate tested above the level of 7.44 on Thursday.
Turkey's risk premium climbed to 297 basis points, while benchmark bond interest was realized at 14.92 percent.
Along with the Turkish Lira, the selling pressure in the currencies of other developing countries continues. South Korean won was the currency that depreciated the most against the
US dollar in early trading on Friday. South Korea's currency was followed by Indonesian rupees and Indian rupees.
As the momentum in bond yields deteriorated the perception of risky assets in global markets this week, sales deepened in Thursday's transactions, especially led by technology stocks.