While the number of cases around the world continues to decrease in the Corona virus epidemic, markets continue to follow vaccination news and the steps of “reopening the economy” by governments.
to permit the reopening of the economy after the Eid holiday in Turkey, the transition to the second stage, the markets for currency swaps with foreign countries (swaps) following negotiations initiated to make. Treasury and Finance Minister Berat Albayrak said last night that “swap negotiations have begun with many countries in order to prioritize local currency in trade with countries”.
The dollar / TL exchange rate, which dropped to the level of 6.70 on Tuesday, May 26, started the day at 6.78 levels today. The day started at 7.57 in Euro / TL.
Economic Confidence Index data will be released at 10.00 today.
TENSION BETWEEN THE USA AND CHINA INCREASES
Asian stock exchanges and US stock futures contracts have increased as the optimism of the global economic recovery from the corona virus outbreak will be rapid, pushing concerns about the Hong Kong dispute between the US and China into the background.
However, the biggest risk for stocks seems to be US-China relations. US-China relations may deteriorate further, especially as US Secretary of State Mike Pompeo announced yesterday that Hong Kong will no longer have special status under US law.
