US Dollar Bounces Back From 2-day Low Versus Turkish Lira
The US dollar that touched a 2-day low of 1.5093 against the Turkish lira in early European session, bounced back during New York trading on Friday. As of now, the greenback is trading near 1.5156 versus the lira, compared to yesterday’s close of 1.5209.
Turkey’s exports volume increased in June from the previous year, a report by the Turkish Statistical Institute showed on Friday. Exports volume increased 12.9% on an annual basis in June. The export volume index for agriculture and forestry rose 21.7% and for mining grew 36.7%. Export volume for manufacturing increased 12.2%.
Similarly, the volume of imports climbed 12.5% in June from the previous year. The import volume index for agriculture and forestry, manufacturing increased by 13.2% and 16.6%, respectively. The index for mining slipped 0.6%.
The Turkish Statistical Institute Turkstat also said that Turkey’s industrial turnover and New orders increased in June from the previous year.
Industrial turnover index increased 14.4% on an annual basis in June and was up 2.7% compared to the preceding month. Among the sub sectors, mining sector index increased 18.7% annually in June, while manufacturing sector index grew 14.3%.
Meanwhile, industrial new orders index increased 14% year-on-year in June and was up 1.3% compared to the preceding month. New orders for intermediate goods industry grew 22.6% and for durable consumer goods industry climbed 8.1%. New orders for capital goods industry rose 9.9%.
