Dollar/TL is trading at 18.64 levels after starting the week flat.
Moving in the 18.61-18.70 band on Friday, the dollar/TL closed the day with 18.6331, just below the previous closing level.
December 5 current exchange rate
After starting the new week flat, the Dollar/TRY is trading at 18.6370 as of 10.30, just above the previous closing level. In the same minutes, Euro/TL is sold at 19.6820 with an increase of 0.3 percent, and at 22,9450 with an increase of 0.1 percent in sterling.
Despite the fact that the non-farm employment announced in the USA on Friday was above the expectations with 263,000, the expectations in the markets that the US Federal Reserve (Fed) will slow down the tightening pace at the next week’s meeting and raise interest rates by 50 basis points remained strong.
With this development, it was noteworthy that the global dollar demand weakened, while the dollar index reached its lowest level since June 28 with 104.1. Euro/dollar parity tested 1.0590.
Analysts stated that the risk appetite in the markets increased as China softened the measures taken in the fight against the new type of coronavirus (Kovid-19) epidemic, and said that the expectations for the Fed meeting to be held next week continue to be the main factor in the course of the foreign exchange markets.
Analysts said that in today’s data agenda, worldwide service sector Purchasing Managers’ Index, retail sales in the Eurozone and factory orders in the USA came to the fore.
Source: TRT Haber