What is the status of the exchange rate on December 12?
The dollar/TL pair started the second trading day of the week above 28.99.
12punto
Economic developments from the US continue to determine the direction of currency and commodity markets. Following the stronger-than-expected increase in US non-farm payroll data on Friday, expectations that the US Federal Reserve (Fed) will keep interest rates high for a longer period have strengthened.
EYES ON US INFLATION DATA
Meanwhile, US inflation figures for November will be announced today at 16:30. While inflation is not expected to change on a monthly basis, it is projected to decline from 3.2 percent to 3.1 percent on an annual basis.
The critical inflation data will determine the direction in currency and commodity markets. If the inflation figures surprise, sharp movements could be seen in gold.
Ahead of the critical development, the dollar index is trading slightly lower at 103.933, while the US 10-year bond yield is trending downward at 4.208 percent.
DOLLAR/TL TRENDING CALMLY
The dollar/TL pair started the second trading day of the week above 28.99. The exchange rate is currently trading sideways at 29.01 lira. During the day, the dollar/TL pair saw a low of 28.88 and a high of 29.06. Meanwhile, the euro is also trending calmly at 31.24 lira.