USD / TL Started New Day Negatively

USD / TL Started New Day Negatively USD / TL started the new day negatively. The dollar / TL, which completed the day at the level of 7.9989 yesterday, started Wednesday with a slight decline. Exchance rate tested above level 8 yesterday. The dollar / TL exchange rate, which moved positively this week, started trading with a slight decline this morning after reaching the 8 level yesterday. The dynamism in the economy agenda and President Erdogan's emphasis on the new period during his speech caused a harsh retreat in the currency in recent weeks. Last week on Thursday Exchange rate closed the week at 7.6381 after the Central Bank of the Republic of Turkey (CBRT)’s first policy meeting chaired by President Naci Ağbal with a decision to set up 475 basis points increase in interest rates. On the other hand, the exchange rate gained momentum again this week, breaking the 8 level yesterday. Dollar / TL was traded at 7.9683 with a loss of 0.38 percent at 09.35 today. Euro / TL traded at 9.4771 level. The Banking Regulation and Supervision Agency (BDDK) abolished the calculation of the active ratio with the decision taken yesterday. The active ratio, which has been in effect since May, will be canceled as of December 31st. The one-year trading range in the currency is between the levels of 8.5793 - 5.7156. The 1-month moving average is 8.0053, the 50-day moving average is 7.8996, and the 100-day moving average is at 7.5360.