Dollar TL rate shows tendency to move upwards
In global markets, the dollar is set to close fifth consecutive week of gains against other major currencies. The direction is also up in the dollar/TL, which has been moving in a narrow band for some time.
The expectation that the United States will be able to move to faster interest rate increases against high inflation is one of the priority factors in the dollar’s strength.
The dollar /TL continues to move in the narrow band of 14,5-15, where it settled with the Russian invasion of Ukraine, while rises are seen within the band.
The dollar/TL had risen to 14.90, which was last seen during the first periods of the occupation of Ukraine during the festive holiday when liquidity was low.
After the holiday, the dollar / TL, which started the day at around 14.75 in the first transactions, finished at around 14.85 yesterday. The TL lost close to 1 percent against the dollar yesterday, while the last one-month depreciation of the TL against the dollar reached 1.5 percent. The exchange rate is at 14.94 as of 13:46.
