Dollar/TL, moving around 18.6 for 3 months, starts week at new peak of 18.84

Today, topics such as the upward movement in dollar TL rate and whether it will continue will be monitored in the cabinet meeting today. Also, the final version of the regulation prepared for those who live in retirement today will be presented to President Recep Tayyip Erdogan in the cabinet meeting.

Most of the foreign markets will be closed before the new year. Foreigners are expected to come back in full volume after the first week of the new-year.

NEW PEAK SEEN IN DOLLAR/TL

The TL lost about 0.8 percent against the dollar in the first transactions this morning, but this rise was not permanent. As of 09.06, the change in the value of the TL compared to the last transaction on Friday came to null again. Bankers describe the current foreign exchange policy as publicly controlled. In addition, the CBRT has also limited the trading hours on the market to 1000-1600.

Following the movement in the TL this morning, whether the value changes in the TL are permanent or whether they will continue will be closely monitored in the markets. The statements of the authorities will also be monitored, as some bankers have also described the changes in the value of the TL as a “public preference” in the current policy.

Although the new peak level of 18.8440 was seen in the first trade this morning in dollar /TL, which has been trading around 18.6 for about three months, the quotations were at the level of 18.62/18.68 at 09.11.