Latest situation in dollars
The dollar / TL continues to fluctuate in line with the movement in US bond rates and the dollar index (DXY). The DXY, which tested 90.5 points the previous day, forced the dollar / TL 7.50, but it could not be permanent. With the index falling below 90 again, the dollar rate is traded in the band of 7.45.
While the dollar / TL is pushing 7.50 again from the 7.30 levels, where it declined last week, with the rise in US bond yields and the strong course of the coming dollar, the global risk appetite continues to be followed in the markets.
The fact that the recent sharp depreciation of the dollar has turned into a gain in value, albeit limited, is the main determinant of the depreciation in emerging currencies. In the depreciation of the TL, analysts state that the concern is whether the US interest rates will increase before the expectation.
Global stock markets fell from record levels after political turmoil and escalating coronavirus cases in Washington, while US bond yields soared as investors expected more spending from the government.
US indicative 10-year Treasury bond yields rose by 2.4 basis points to reach a 10-month high at 1.1580 percent. The dollar index fell to 89.9 today, after hitting the highest level since December 21 at 90.73 yesterday.
On the morning of January 13, dollar / TL is trading at 7.45 TL. Brent oil price, which forced 50 dollars gold before the OPEC + meeting the previous week, has exceeded 57 dollars.