With the expectation that OPEC and other producing countries to reduce supply in & # 39; in October, the oil price rose to $ 77 to oil and 87 dollars jumped to the top of the last 4 years. The dollar s & # 39; now dropped to 5.22 today. With earnings & # 39; 1.30 percent, the Turkish Lira completely Warraq its losses in & # 39; August and became the most won currency value. Istanbul Stock Exchange gained 1.5 percent.
Irritated below the value & # 39; 5:30 psychological effect on the back of the dollar decreased by & # 39; significantly. The only dollar not decreased, Istanbul Stock Exchange gained 1.5 percent. Especially the increase in share & # 39; Thy, Petkim and the bank pointed out. The shares & # 39; & # Petkim increased by 39, more than 4 percent, while 2 percent & # 39; THY shares increased by & # 39; 2 percent to 3.5 percent.
JURIS JASISTI Saudi SAUDI
The exchange rate of the currency resulting reduced with the original $ 4 billion as a result of & # 39; decline in oil prices difficult to reports & # 39; news coming out of pocket for the current account deficit in Turkey on Friday that 10 percent of energy in & # 39; each move made last fall in oil prices. Does & # 39; the United States continues its sanctions on Iran by sector & # 39; energy, the announcement that the quota & # 39; exceeded production on the part of & # 39; Saudi Arabia accelerated the decline in prices.
Production & # 39; & # 39 daily; 10 million barrels & # 39; S. Arabia increased its production to 11 million barrels, adding to the perception that supply is more than demand, and oil prices have fallen by & # 39; more than 5 percent on Friday. While the Brent oil fell & # 39; below the level & # 39; 60 dollars, crude oil fell & # 39; to base & # 39; 50 dollars and delete all profits during the year.
EYES OF 6TH & # 39; December
OPEC and other producing countries will meet in Vienna on 6 & # 39; December to meet on supply reduction. Russia is expected to convince other countries to go to a decrease in supply, while prices are expected to be & # 39; about $ 70, while Saudi Arabia supports the reduction in supply, but further increase production.
The accusation & # 39; Saudi Arabia for killing & # 39; Cemal Kaşıkçı creates an expectation that the US will act according to this demand. Experts say that Saudi Arabia would like to reduce its oil supply, but can & # 39; & # 39 can not; participate in decisions because it is supported by the United States.
OTHER SUPPORT LIRA TURKJA
1 Improvement of relations with the US and the EU
2 Banks renew their syndication, and finally, Vakıfbank join the caravan
3 Turkey exemption from Iran sanctions
4 Reducing & # 39; monthly in the current account deficit
5-FED reduces the likelihood of & # 39; an increase in the interest rate in the range
6 Increasing the possibility of the AK Party and the MHP as an alliance for local elections
STRONG IMPORTANT DAY