Dollar continues to rise
While the limited rise in the dollar index continues with the increase in US bond interest rates, there is an upward movement on the dollar / TL front. It tested above 7.50 on January 11, which fell below the 200-day moving average of 7.30 last week, but did not become permanent. On the morning of January 12, $ 7.48.
With the dollar index starting to rise, the dollar appreciated against emerging currencies, and tested over 7.50 against TL yesterday.
The sharp rise in dollar US bond yields in global markets and the world's largest
coronavirus aid package Continuing to increase in value with the expectations that it will revive its economy, it has risen from the lowest level of recent years
passed. Although the dollar index has declined by more than 10 percent since March, when it saw its peak in the last three years, it is 1.5 points above last week's low.
Dollar / TL tested 7.52 yesterday, when it started around 7.38 in light of these developments. The dollar rate changes hands at 7.48 on the morning of January 12th.