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    US-dollar hits new record high against Turkish lira

    Exchange rate can hit 3.75 TRY/USD in shortest period

    Baku. 5 January. REPORT.AZ/ Turkish lira has hit a new record low against US-dollar at 3,6401 on Monday.

    Report informs, referring to Bloomberg, US-dollar approaches 2% daily rise regularity against Turkish lira.

    The US-dollar gaining ground in global market and expectation for FED to raise interest raise pushed US-dollar upward after short drop to 3.56 TRY/USD in the morning.

    Report’s expert group predicts, US-dollar to hit 3.75 TRY/USD in coming period, and 4.05 TRY/USD within year. 

    Notably, announcement of Turkish Central Bank not to raise interest rate is reported another reason the US-dollar gaining ground against Turkish lira. 

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