News flow from Zarrab case in US impacts financial markets in Turkey negatively
The fluctuations in the financial markets in Turkey are continuing due to the news flow of the Reza Zarrab case in the US. At the end of the day, the dollar rose to above 3.96, while the stock market suffered a loss of 2.5 percent. Domestic markets that started the week positively saw sales pressure due to the developments and news flow from the Reza Zarrab case in the USA.
US dollar / TL rate which fell below 3.90 at the beginning of the week did not manage to stay at these levels. Although the lowest level of 3.8976 was tested during the day, the upward trend accelerated towards the end of the day and the exchange rate reached 3.96.
On the other hand, the euro, which saw 4.7216, was moving around 4.70 at the same time.
