Mobility continues in dollar/TL rate

The dollar /TL, which rose to the level of 18 yesterday and has seen a new peak since December 20, was at the level of 17.95-17.9650 this morning. The depreciation of the TL against the dollar since the beginning of April is 17.4 percent, and its loss since the beginning of the year is 26.7 percent.

Data showing that Turkey’s foreign trade deficit increased sharply last month in response to the loss of momentum in inflation reinforced concerns about economic policies, while the dollar / TL saw a level of 18 yesterday.

The dollar/TL, which rose to 18 yesterday and saw a new peak since December 20, was at the level of 17.95-17.9650 at 09:00 this morning.

According to this level, the depreciation of the TL against the dollar since the beginning of April was 17.4 percent, and the loss since the beginning of the year was 26.7 percent.

FOREIGN TRADE DEFICIT IS CLOSE TO THE RECORD

The foreign trade deficit increased by 144 percent in July to $ 10.6 billion, according to data released yesterday by the Ministry of Commerce. The rate of increase in exports was 13 percent, well behind the 41 percent in imports.