USD/TL Rate Continues Its Downward Movement

Dollar/TL exchange rate continues to decline on the second trading day of the week after breaking the level of 7.00.

USD/TL Rate continues its downward movement. The exchange rate continues its downward trend in transactions on Tuesday, after the psychological level of 7 was broken yesterday. The dollar/TL exchange rate, which saw below the level of 7 for the first time in 6 months on the first trading day of the week, continued to decline in the first transactions on Tuesday. While below 6.95 was tested in the currency, it was seen that the dollar decreased in global markets. The Bloomberg Dollar Index fell 0.1 percent in the first trades on the second day of the week. Developing country currencies are positive against the dollar, led by the South African rand. Turkey's risk premium decreased to 283 basis points, while benchmark bond interest was recorded as 14.81 percent.   Turkish-US Foreign Ministers Meet for the First Time Under Biden's presidency, the first high-level meeting between the US and Turkey took place with the foreign ministers. In the telephone conversation, Foreign Minister Mevlüt Çavuşoğlu and his US counterpart, Antony Blinken, discussed many issues from the S-400s to the massacre of 13 citizens in Gara. In the written statement made by the USA regarding the meeting, it was reported that it was confirmed that the PKK was responsible for the Gara massacre. In the rest of the statement, it was stated that Blinken called on Turkey not to hold the S-400 air defense system during the meeting. In the US statement following statements took place, "The two sides pledged to increase their support and cooperation for the political solution of the war in Syria." In the statement made by the Turkish Ministry of Foreign Affairs, it was stated that all aspects of bilateral relations were discussed, and regional problems, the fight against terrorism, S-400, Syria and the Eastern Mediterranean were discussed. In the statement in question, it was stated that "our discomfort with the recent statements made by the USA was also expressed."