Latest situation in dollars
Although the dollar rate continued its downward trend yesterday and went down to 7.09, it could not be permanent here and with the rise in the dollar index, which reached the highest level of the last 2 months, it came to 7.20 again.
While the dollar rate started the day at 7.1990 on February 3, the exchange rate became 7.1662 with a downward movement despite inflation slightly above expectations.
After the dollar rate started the week at 7.27, due to the CBRT's emphasis on tightness, the positive divergence on the TL side dropped sharply to 7.09 until the middle of the week, but was not permanent and reached 7.20 again.
In addition to the monetary tightness, foreign institutions switched to buying in TL with the opportunity of carry trade, which also affected the fall in the dollar.
However, due to the better growth dynamics in the USA compared to Europe, the dollar appreciated globally, while the dollar index rose to the highest level in the last 2 months, exceeding 91 points.
On the morning of February 3, the dollar / TL changes hands from 7.1990. The euro, on the other hand, eased slightly to 8.67. Despite the inflation announced as 14.97 percent, slightly above expectations, the exchange rate moved down to 7.1662.