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Turkey sees new peak in dollar TL rate

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US DOLLAR AND TL

The dollar / TL exceeded 17.90 today and saw the new peak of 2022. Fed decision tonight will be important for dollar TL rate.

Dollar / TL continues to rise towards the level of 18 due to concerns about economic preferences, especially interest rate and foreign exchange policy, fears of high inflation and global recession.

The exchange rate was seen at the level of 17.93 today and this was recorded as the new peak of 2022.

Investors will follow the interest rate decision of the US Central Bank (Fed) today, the possible revision of the Central Bank of the Republic of Turkey (CBRT) to the current inflation forecast of 42.8 percent for the end of the year tomorrow, and the speech of CBRT President will deliver about finance opportunities etc. at the Istanbul Chamber of Industry (ISO) on Friday.

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