TL One-Year Projected Volatility Indicators at 15-Year Peak
According to data published by the financial data provider Fenics, TL’s one-year projected volatility indicatorYeah It rose to 45.46 percent, the highest level in the last 15 years.
Investors focused on whether Tayyip Erdoğan, who was re-elected president based on election results, would make a change in economic policies whose sustainability was criticized.
INCREASED IN DOLLAR/TL AFTER THE ELECTION
On the other hand, the dollar/TL increase accelerated after the elections.
The rate started the day above 20.65 today. This morning, a record level was seen with 20.77 in USD/TL and 22.80 in Euro/TL.
At the beginning of the week, Erdogan met with Mehmet Şimşek, who has been working in economic management for many years on the AKP staff.
After the meeting, the stock market rose strongly under the leadership of the banks, with growing expectations in the markets that Şimşek, who came to the fore with his internationally accepted economic policies, could take a seat in the new cabinet. . Eurobond and CDS yields fell. (REUTERS, SOZCU.COM.TR)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
