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While the exchange rate after the regression, which was accelerated with the statements of the Fed Chairman, Mr. Powell, in US dollars / LT, is maintained at the level of 5.1350, the local currency has posted the best performance against the dollar.
Although there has been a slight increase in the exchange rate after the announcement of EDF minutes, the price in band 5.15 is continuing. On the last day of the month, the exchange rate at the exchange rate is 5.1586 and the euro at 5.8839 TL.
US Federal Reserve (Fed) Chairman Jerome Powell expressed optimism to investors, noting that the Fed's key interest rate was "just below" estimates of the level of strength of the US economy .
Many investors have described Powell's remarks as indicating that the Fed's three-year tightening cycle is coming to an end.
Another reason for the positive divergence of TL, which ranks among the best in developing countries, is the restrictive monetary policy implemented by CBRT since September and the improvement of external relations.
Experts, the global economy is favorable, foreign relations and tight policy as long as the situation is favorable to TL.
President Erdoğan's contacts in Argentina, where he visited the G20 leaders summit and the evolution of the trade war, are another development of the markets.
Chinese and American leaders will meet on Saturday.
IMPORTANT CURTAINS OF THE DAY
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