Euro, US dollar gain against Turkish lira following Draghi’s statement, US employment data

DAILY SABAH
ISTANBUL
Published 03.06.2015 17:30
Updated 03.06.2015 18:50

Following the statements of the European Central Bank (ECB) Governor Mario Draghi and release of strong U.S. employment data on Wednesday, the Turkish lira has decreased to as low as 3.0297 against euro and 2.6891 against the U.S. dollar, whereas the euro/dollar parity has increased to 1.1189 level.

Draghi stated that the ECB wishes to keep Greece within eurozone, while it will also continue its bond-buying program until September 2016 or the time when the bank is convinced the inflation rates near their expected level, although the market should get used to high volatility. Draghi announced their eurozone growth expectations as 1.5 percent for 2015 and 1.9 percent for 2016. Inflation will also increase in 2015, Draghi said, updating their prediction from zero to 0.3 percent.

Meanwhile in the U.S., the highest private sector employment number since January was achieved at 201,000 in May, while the announced number for April was revised from 169,000 to 165,000.

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