As the dollar gained value globally after the US Federal Reserve’s (Fed) minutes announcement yesterday, its effect on the TL side has been limited.
Exchange rates have kept their course calm since the start of the month. USD / TL, while valuing just below 8.70 euro / TL on the other hand, it is horizontal at the levels 10.22-10.23.
As the dollar index hit its three-month high of 92.8, the euro / dollar parity fell to 1.17 months later.
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EFFECT OF THE FED ON THE MARKETS
The minutes of the last meeting of the US Federal Reserve (Fed) revealed that uncertainties about the decline in asset purchases will be on the agenda for a long time.
The minutes of the last Fed meeting were released last night. Although it is stated in the minutes that the condition “significant progress” has not yet been met in the targets to begin the assessment of the reduction in asset purchases, it should be noted that some members have said they might have to take asset purchases sooner than expected.
Experts said continued volatility in commodity prices in global markets and concerns about the delta variant in the new type of corona virus (Covid-19) outbreak continue, and the Fed minutes do not reduce uncertainties about monetary policy.
Today, weekly domestic money and banking statistics and weekly US unemployment claims abroad will be tracked.
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