Dollar continues downward trend
While the dollar continues to appreciate globally, the TL diverges positively with the Central Bank's emphasis on tightness. On February 5th, the dollar / TL is trading below 7.15. US non-farm payroll data stand out in the markets.
While the dollar is in demand due to the decrease in the economic outlook of the USA and the increase in the bond interest rates, the TL continues its positive decoupling.
Biden's promise of an additional stimulus package, the Fed's statement that the said packages would not warm the economy, and the drop in unemployment claims supported the dollar, while the dollar index exceeded 91.5.
The Turkish Lira continues to appreciate against the dollar with the support of the tight monetary policy communication that the Central Bank has made with determination, despite the increase in the gap between consumer and producer inflation and the increasing trend in inflation.
Going below 7.15, dollar / TL is traded at 7.1445 on February 5th, the last trading day of the week. Euro / TL is below 8.55, the price of gram gold has decreased to 412 TL with the spot price falling behind 1800 dollars.