What developments will be priced in USD/TL this week?

The dollar/TL, which closed last week at 17.91, started the new trading week at 17.95. While the dollar exchange rate is trading at the highest levels since the historical record, volatility decreased somewhat in the last week and the price is trading in a narrow band at 17.90 levels. This week, domestic industrial production, unemployment rate and market expectations survey will be monitored, but the most important data of the week will be the inflation figures to come from the US. Annual inflation, which reached 9.1% in June, the highest level in the last 41 years, is expected to decline somewhat in July. While a slight decrease is also expected in producer prices due to the effect of decreasing energy prices, a more pronounced change may provide positive pricing for the dollar. The strong employment sector in the US economy, which has shown two quarters of low growth and entered a recession, enabled the dollar to close last week positively. The indicator index is moving near 106.50 in the first half of the day.