Dollar/TL is looking close to its historic peak.
In the interbank market, the dollar moves above 18.60. The currency hit a record high of 18,6150 last week.
Euro/TL moves around 18.54.
The dollar index, which measures the dollar against six major currencies, is flat at 111.01 and trading close to 110.75, its lowest level since October 5, seen yesterday.
EURO/DOLLAR ON TOP OF 3 WEEKS
Euro/dollar parity rose to its highest level since September 20 at 1.0047.
Expectations that rate hikes in the US and the rest of the world will slow down are working on the markets.
Data showing that US house price growth slowed and consumer confidence fell yesterday indicated that US Federal Reserve (Fed) rate hikes could ease labor market tightness.
While it has been priced in that the Fed will raise rates again by 75 basis points during Wednesday’s meeting, expectations have strengthened that it will raise rates by 50 basis points in December instead of 75.
CURRENT EXCHANGE PRICES
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In the interbank market, the dollar moves above 18.60. The currency hit a record high of 18,6150 last week.
Euro/TL moves around 18.54.
The dollar index, which measures the dollar against six major currencies, is flat at 111.01 and trading close to 110.75, its lowest level since October 5, seen yesterday.
EURO/DOLLAR ON TOP OF 3 WEEKS
Euro/dollar parity rose to its highest level since September 20 at 1.0047.
Expectations that rate hikes in the US and the rest of the world will slow down are working on the markets.
Data showing that US house price growth slowed and consumer confidence fell yesterday indicated that US Federal Reserve (Fed) rate hikes could ease labor market tightness.
While it has been priced in that the Fed will raise rates again by 75 basis points during Wednesday’s meeting, expectations have strengthened that it will raise rates by 50 basis points in December instead of 75.
CURRENT EXCHANGE PRICES
Download the News application, stay informed of the developments