Dollar / TL fell below 7.18, TL appreciation reached 2% Author Reuters

ISTANBUL, 1 February (Reuters) – The Turkish lira has continued its gains since last week, gaining close to 2% today and trading below the 7.18 level.

TL became the currency with the highest gains among the currencies of developing countries today.

After CBRT repeated that it will maintain its tight monetary policy, it fell 1.7% in January, which fell below its technical level of 200-day moving average last week and thus opened the door for new declines. The Turkish lira thus became the currency with the highest appreciation among developing countries in January.

The dollar / TL, which was traded at 7.28 in the morning hours, gradually regressed during the day, the value increase in TL accelerated after the exchange rate broke the 7.24 level.

While USD / TL was traded at 7,1760 as of 15.27 hours, quotations were at 8,6400 / 8,6645, basket TL 7.9192 / 7.9247.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Check Also

Fall in tech stocks, Omicron developments, gloom in Germany – What’s going on in the markets? By

© Reuters. Yazar – Geoffrey Smith – Tech stocks saw a new wave of …

Leave a Reply

Your email address will not be published. Required fields are marked *