Dollar and euro fell hard!
After President Recep Tayyip Erdogan's "new era in the economy" statements, the stock market refreshed record, while the dollar and gold fell sharply.
The President of Turkey and the AK Party Chairman Recep Tayyip Erdogan, the party's Parliamentary Group meeting in his "new economic era" post descriptions soared demand for Turkish lira assets.
The Turkish lira with increasing demand for the presence of international Turkey's risk premium in the market (CDS) of 450 levels fell to 410, increased exchanges in domestic, foreign exchange rates and the price of gold declined.
In Borsa Istanbul, the BIST 100 index, which increased to 1,258 points in the first half of the day, accelerated its rise after Erdogan's statements and reached an all-time high with 1,277 points. While the BIST 100 index rose under the leadership of bank shares, the increase in the banking index exceeded 4 percent. BIST 100 index is at the level of 1.276, with an increase of 1.8 percent compared to the previous close in the following minutes.
Although the Dollar / TL tested above 8.20 today, it fell sharply after the statements. After the announcements, the dollar / TL lost about 3 percent, saw the lowest 7.87.
The decline in Euro / TL also continued. Euro / TL tested the 9.27 level.
Gram gold, which regressed parallel to the sharp decrease in the dollar exchange rate, decreased to 474 liras.