Foreign Exchange Rates

ISTANBUL (AA) – The Turkish lira regained ground against the U.S. dollar on Tuesday, up to 2.92 against the American currency from 2.93, as major equity markets around the globe continued to shed value.

The lira was also negative on Monday, weakening 0.45 percent against the dollar to close at 2.9305. The lira came under further pressure as investors looked for a safe haven for their money such as government bonds, U.S. dollars and Japanese yen.

The two-year benchmark bond was traded within a range of between 8.95 to 9.08 percent on Monday, ending during the day at a low of 8.95 percent, 22 base points below its previous close.

Turkish markets are also expected to open positively thanks to Turkey and Israel’s normalization of relations, and also to expectations of restored ties with Russia.