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The Turkish lira stabilized and retained its recent gains amid highly volatile currency trading this week.
The lira fell in recent trading by about 1.4 percent to 12.57 against the dollar. Still, it retained most of its gains after it rose from record low levels, in the wake of new steps by President Recep Tayyip Erdogan to protect the savings of Turks from such fluctuations.
Stock indices declined. The futures of US stock indices such as the Dow Jones decreased by 0.15% and settled at the level of 35,328 points, while the futures contracts for the S&P 500 industrial index fell by about 0.25% before the opening of American trading and recorded about 4,629.25 points, and the futures contracts for the NASDAQ index also decreased. Before the trading session, the aggregate scored about 28 points, or 0.47%, and recorded about 15,905.50 points in US stock trading this morning.
Oil prices oscillated during the last trading hours between high and low. Still, they rose again with the dollar’s decline and the return of risk appetite as some governments resist imposing closures to limit the spread of the Omikerzen mutator. At the same time, China said that it would maintain economic growth.
US crude futures rose 0.7 percent to $71.58 a barrel at the time of writing after jumping 3.7 percent on Tuesday.
Brent crude futures rose 44 cents, or 0.56 percent, to $74.32 a barrel, after rising 3.4 percent on Tuesday.
