Istanbul, Oct 9 () – Dollar opened the day under 2.90 liras and declined to the 2.89 lira level registered in August, as U.S. Federal Reserve System (Fed) has given signals they would “wait”.
The Committee minutes of the Fed meeting held on Sept. 16-17 and released on Oct. 8 has included evaluations signaling Fed would wait for declaring a hike in interest rate and “it would be appropriate to wait for information”.
“In their view, although the time for policy normalization might be near, it would be appropriate to wait for information, including evidence of further improvement in the labor market, confirming that the outlook for economic growth had not deteriorated significantly and that inflation was still on a path to return to 2 percent over the medium term” has said the statement.
Following the announcement, dollar that has weakened in global markets recently declined against lira. As data for U.S. economy saw weaker numbers against expectations, the dollar that has declined under 3.0 liras exceeded 3.94 liras after acquisitions of Oct. 8, then opened the day under 2.90 liras and reached 2.89 liras, the level seen in Aug. 20.
While the dollar ranked between levels of 2.8940 and 2.88960 liras, euro also decline to 3.2601 liras, then fell back to 2.27 lira level.