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The rise in the exchange rate that began at the beginning of the week continued and accelerated.
The dollar / TL exchange rate, which closed on Tuesday at 8.0860, started with a rapid rise on its new day. The Turkish lira has lost about 3 percent against the dollar since the start of the week, making it the declining currency of the 24 emerging market currencies followed by Bloomberg.
The President of the Central Bank of the Republic of Turkey (CBRT) Murat Uysal established after the 2020 offer the latest inflation report, at 8.30 to accelerate the increase was delayed and saw the highest level of all times.
In addition to the Turkish lira, other emerging currencies also fell against the dollar. In the Russian ruble, the daily loss exceeded 1%.
The Bloomberg Dollar Spot Index (BBDXY), which measures the value of the dollar against major currencies, has risen by 0.30% since the beginning of the week.
As a result of the increase in the exchange rate, sales on the stock exchange accelerated. The BIST ended the 100 days at 1.126 points, down 2.22%. While the decline in the banking index was 0.6%, the loss in the industrial index was 1.9%.
Currency increase in grams underIt also supported the upward momentum. According to the calculation made taking into account the price of the ounce of gold and the dollar / TL exchange rate, the gram of gold also exceeded 506 lire.
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