The dollar continues to rise in parallel with anxieties stemming from the slowdown in the Chinese economy and the negative performance of emerging economies' currencies. Starting the day with a slight fall at TL 2.94, the dollar has risen to over TL 2.97 on Thursday from TL 2.95 on Wednesday.
The demand for the euro and the Japanese yen has decreased with investors' gradual return to shares because of the appreciation of the dollar against these currencies. The dollar index marked a three-day high at 96.046.
A survey conducted by Reuters with 29 respondents revealed expectations that the dollar will be traded between TL 2.71 and TL 3.20 over the next six months and between TL 2.68 and TL 3.43 over the next 12 months. Respondents also answered that they estimate the dollar will hover between TL 2.55 and TL 3.10 over the next month and between TL 2.64 and TL 3.35 over the next three months.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.