Exchange rates started the day as calm as yesterday.
USD / TL When you move in the band 8.25-8.30 euro / TL is traded in 9.94-9.96.
POWELL: THE ECONOMIC OUTLOOK IN THE UNITED STATES IS RENEWED
In his speech yesterday, US Federal Reserve (Fed) Chairman Jerome Powell said the economy has not yet recovered, but real progress has been made. “While some countries are still suffering terribly under the stranglehold of Covid-19, the economic outlook in the United States has clearly been revived,” said Powell.
While Powell’s focus on the economy recovering, along with lingering inflation fears made market prices difficult, the 10-year U.S. bond rate balanced just above 1.60%.
According to data announced by TURKSTAT, inflation was 17.14%, while annual inflation remained slightly below expectations, while the decline in the dollar index and US bond yields slightly lowered the dollar rate. The lower than expected manufacturing index was effective in the fall of the dollar.
Treasury auctions and real effective exchange rate data will be monitored on the day there is no meaningful overseas data.
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