Turkish lira is to strengthen against foreign currencies

Increase in interest rates by the Central Bank of America has a positive impact on the course of the Turkish lira. According to analysts, the change in loans rates by the American president will suspend dollar increase in the global trading, and as a result strengthen the position of the other world currencies, including the Turkish lira. According to the data received by the Turkish financial analyst, Aysun Goksu, during the foreign exchange markets research, the US president-elect, Donald Trump, could raise rates by as much as 25 percent. Moreover, the growth is expected in December this year. According to Goksu, afterwards the growth of the US currency shall be suspended. The Turkish lira also will begin to strengthen its position against Dollar and Euro. 16.12.2016

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