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Turkish markets in a good mood in the early days of 2018

7 7 1
10.01.2018

Global financial developments are continuing on a positive trend for developing countries like Turkey. It is not clear how long this will go on, but the markets seem quite happy in the first month of the New Year.

We entered the New Year with only small fluctuations and it looks like this calm trend will continue for a while. The gains in the euro came to a halt and the value of the dollar started to rise again in international markets on Jan. 8, but generally the fluctuations continue only at small margins.

Considering the rise in the dollar against the lira last year, the current 3.74-3.75 liras to $1 rate has boosted the morale of markets. Foreign currencies continue to flow into Turkey as well as other developing countries.

The U.S. Federal Reserve is expected to raise interest rates in 2018. But there are still some contradictory statements coming from Fed officials about whether there........

© Hürriyet Daily News