Eyes in Turkey glued to price of US dollar
Mustafa Sönmez - mustafasnmz@hotmail.com
With the formation of the Binali Yıldırım government, the foreign exchange rate and interest rates seem set to be given a new direction. The pulse of the new government, in the second half of the year, will be set by the price of the dollar. Both domestic risks and the risks in the Middle East, as well as the Fed’s stance, are determining the price of the dollar. The dollar, as a matter of fact, is the most important parameter affecting Turkey’s state of affairs.
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