After the central bank’s interest-rate cut, attention turned to the dollar. What is the latest situation for the dollar? Before the announcement, the dollar had fallen to 6.0540 TL, but after the Central Bank’s statement it climbed above 6.08 TL. As of the morning of Thursday, February 20, 2020, the dollar opened the day at 6.0843 TL.
On February 19, 2020, following yesterday’s rate-cut decision by the Central Bank, the dollar ranged between a low of 6.0843 TL and a high of 6.0857 TL. Afterwards it traded in the 6.08–6.09 TL band. The euro ranged between a low of 6.5382 TL and a high of 6.5684 TL, trading subsequently around 6.56–6.57 TL. Current dollar and euro rates are as follows.
- Dollar, Buy – 6.0881 TL, Sell – 6.0916 TL, Previous Close – 6.0845 TL
- Euro, Buy – 6.5696 TL, Sell – 6.5721 TL, Previous Close – 6.5777 TL
European Markets After the Central Bank Statement
Following the Turkish Central Bank’s rate cut announcement, European stock markets reacted as outlined below. At the close, the benchmark Stoxx Europe 600 rose 0.83% to 433.9 points.
- In the UK, the FTSE 100 index gained 1.02% to 7,457.02 points,
- In Germany, the DAX 30 index rose 0.79% to 13,789 points,
- In France, the CAC 40 index increased 0.90% to 6,111.24 points,
- In Italy, the FTSE MIB index climbed 1.01% to 25,477.55 points.
- The euro/dollar rate was trading at around 1.079, up 0.04% as of 20:17 local time.