ISTANBUL - the euro / dollar parity rising parallel to the decline in dollar / TL, while the Central Bank overnight repo interest rates decline and the ongoing effect of foreign exchange purchases in currencies other developing countries show a worse performance, the benchmark bond interest rates moved to a narrow band.
Euro / dollar parity 1.33 the s 1.32 'with decreased levels of $ / £ 1:33 per cent of the rose in the day.
Then the amount of funding available from the Central Bank borrowing rates azaltmamasının indirmesinin a "discount rate" effect, created a bank's foreign exchange desk manager said, "And at the same time the Central Bank increased the amount of foreign currency (about $ 2 billion has been). Central Bank purchases of foreign currency on the one hand to accelerate the extra through foreign exchange market for the TL, while the market as quickly as he did not fonlamasını TL. For this reason, overnight interest rates close to the policy interest rate moved down further as oluşmadığı. especially as they come down interest rates in London £ open position in the market has become less vulnerable to interest, charm fell . I already lower than the TL with other developing country currencies were to perform at almost the same period, "he said, and continued:
"Central Bank monetary policy on the current upward pressure on the exchange, which reduces the attractiveness of the position leads. TL interest rates on the market in the coming period will not be the open position in favor of the computing environment. On the other hand, the euro / dollar comes down, so that risk appetite in global markets in a period. In addition, in December due to the position of the investors to stay off the sidelines waiting. have the effect of foreign exchange in December bringing up, so we will see in January, will continue the same effect. But loose monetary policy of the Central Bank of TL is that poor performance will cause , and the euro / dollar down, the chances are high. "
On the other hand, bankers tomorrow to begin a new era due to the 3 percent reserve requirement up to the level dropped again overnight repo interest rate of 7 per cent rise in levels of waiting.
Interbank spot market closing yesterday at 1.4915 dollars with the best buying and selling quotations, opened this morning, the spot closing level of 1.4850 in the first operations at the level of 1.5010. U.S. $ / £ 1.5090 to the level reached in the evening. At the same time as the Euro / dollar traded at 1.3223 could see the parity.
Bond-bond market yesterday 7.69 per cent at the close of the spot value date is August 8, 2012 at 7.66 per cent compound interest bond itfalı indicator, counter top in the market this morning after opening the first transactions in the spot market at 7.65/7.63 per cent 7.65 per cent, 7.66 per cent at the level of value date. Benchmark Interest Rate the spot market and the level of value date was 7.67 percent last transactions. Indicative interest rate band of 7.62/7.69 per cent moved in the day.
Short-term paper purchase, especially in the foreign sales of paper saying that the long-term bonds and bills in a bank's processor, "U.S. bond interest rates rise, the market is causing unease. U.S. Treasury 10-year paper is still above the level of 3.20 percent. After the last described, especially the CPI inflation data to have a wave of selling papers indexed. One night while also increasing the interest rates fall in the interest of short-term paper. Indicator narrow band of interest was moving today, "he said.
PERCENT Stock Exchange to 2.6 LIK DECREASES
There was a drastic decline in the stock market. ISE-100 index from banks decreased by 2.64 per cent on sales of 65 thousand hard finished 913.89 points.
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