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The USD / TL surge continues ahead of today’s US election. Parallel to reaching the expectations the Central Bank announced today inflation and the Republic of Turkey (CBRT) A new increase of more adjustment movements by the interest rate swaps of the dollar TL / TL failed to reduce the fever. It reached its new historical peak with USD / TL 8.50.
THE DAY STARTED AT 8.42 TL
The dollar, which last night rose to 8.4460 lira in the low-volume market, started the new day from 8.42 and the euro started from 9.82 lira. The dollar rose to more than 8.45 liras in the morning.
Despite the announcement of inflation data in October and being in line with expectations, the dollar saw 8.4550 and the euro 9.8601 lire. The Turkish Statistical Institute (TSI) announced October inflation at 2:13. Annual inflation in October was 11.89 percent.
Meanwhile, the Central Bank increased the interest on the TL swap from 11.75% to 13.25%. At 10.20, the dollar fell to 8.44 lire. However, it did not persist at this level and then rose above 8.48. The euro saw 9.92 lire. The British pound rose to more than 11 liras.
INCREASE THE SPEED AFTER NOON
The course saw its new all-time peak at 8:50 a.m. to 2:03 p.m. The euro rose above 9.98 lire.
Meanwhile, the euro / dollar parity rose 0.60 percent.
As the effects of the coronavirus epidemic continue to be felt in all its severity around the world, eyes will turn today to the US presidential election.
THE UNITED STATES ELECTIONS WILL BE FOLLOWED
Markets have valued the victory of Democrat Joe Biden. However, the important thing is not who wins, but that the elections end quickly and smoothly. Objections to the results from both sides and possible street events will further reduce the investor’s investment appetite, which is already low due to the coronavirus.
