Baku 23° C
US-dollar reached 3.30 lira in Turkey
Finance
- 16 November, 2016
- 09:07
Baku. 16 November. REPORT.AZ/ Exchange rate of US-dollar in Turkey exceeded 3.30 liras today.
Report informs the exchange rate currently at 3.3120 TRY/USD.
The reason is strengthening of the dollar against currencies of developing countries including the Chinese yuan.
Boston Fed President Eric Rosengren said on November 15, only very important negative news can prevent an increase in the interest rate. As a result, the dollar has continued to strengthen.
Analytical Group of Report believes, USD exchange rate in Turkey can reach 3,40-3,45 TRY/USD by year-end and even 4.30 TRY/USD in March 2017.
The reason for this will be the fact of directing free capital of the world to the dollar bonds on the background increase in the discount rate.
Author
Latest News
10:05
Ilham Aliyev: 5% of energy company employees in Azerbaijan are foreigners
Energy10:03
Ilham Aliyev: Predictable ties with neighbors key to Azerbaijan's transit development
Infrastructure09:54
Ilham Aliyev advises investors to form own view of Azerbaijan
Domestic policy09:51
Fiber-optic link between Kazakhstan, Azerbaijan to launch by end-2026
Infrastructure09:49
President: Azerbaijan plans to increase transit cargo traffic to 25 million tons
Infrastructure09:46
Ilham Aliyev: Food security is a key domestic policy priority
AIC09:44
Ilham Aliyev: Azerbaijan's gasification level stands at 96%
Energy09:42
Ilham Aliyev: Two important agreements will be signed today
Energy09:39