The exchange rate of the Turkish lira began to recover its positions in relation to the reserve currency after the Turkish Central Bank halved the limit on transactions with swaps.
In response to US sanctions the authorities of Turkey have decided to introduce retaliatory measures and raise duties on American goods, including cars, tobacco and alcohol.
Yesterday in his speech the President of Turkey announced that he calls to boycott Apple and called the behavior of the American authorities "collusion." The rate of the Turkish lira remains above the 6.1 mark against the dollar.
At the moment, the dollar rally continues and most currencies have slipped against it, updating their lows; the dollar index has reached the best indicators for 14 months.
Against this background, commodity prices are declining - gold has fallen below the psychological mark of 1,200 per troy ounce and continues to decline. Prices for Brent crude oil fell below $72 per barrel.
