Dollar Hits 5.42 TL

Climbing to 5.42 TL, dollar has dropped to 5.20 after the news reports claiming that pre-agreement concerning Pastor Brunson crisis has been agreed.

İstanbul

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Sudden fluctuations in foreign currencies against Turkish Lira continue due to the diplomatic issues between the United States and Turkey, and the perception the Central Bank of Republic of Turkey (TCMB) will not hike interest rates.

Mounting with opening of the US markets, dollar hit 5.422 with the opening of Asian markets in the midnight.

While TCMB’s intervention of providing currency liquidity to the markets didn’t have much effect, the reports stating that a pre-agreement concerning Pastor Brunson crisis has been agreed led dollar to fall to 5.19.

However, the Ministry of Foreign Affairs officials didn’t confirm these reports, according to Dünya newspaper.

As of 12:17 p.m., dollar is 5.25 TL whereas Euro is 6.04.

Dollar was 3.53 TL and Euro was 4.15 on the same day in previous year. (EKN/TK)