Dollar decline accelerated
The dollar continues its downward trend following the inflation report presented by CBRT Governor Ağbal and hawkish statements regarding monetary tightening.
The dollar, which changed hands in the band of 7.40 - 7.50 in January, went down to 7.17 in the first two trading days of February. On February 2, the inflation figures to be announced on Wednesday are monitored at $ 7.187 in the markets.
The decline in the dollar rate, which started with the inflation report made by Naci Ağbal last week, continues. While the exchange rate, which moved between 7.40 and 7.50 for a long time, tested gold at 7.30 after the presentation, Ağbal said that interest rate cuts were early and that a forward tightening could be made in case of deviation in the inflation targets, the appreciation of the TL continues.
Dollar / TL was trading at 7.20 gold yesterday, while it was trading at 7.18 on February 2, the lowest level since August. The euro fell below 8.70. Gram gold price decreased to 428 TL.