Dollar under 2.90 liras over expectations on Fed’s skipping rate hike

Istanbul, Feb 4 () – Dollar declined under the 2.90-lira-level after the expectations that the U.S. Central Bank (Fed) could skip its second interest rate hike in March.

Indicators of a postponement to a later time despite expectations, in relation with the U.S. data and problems in China’s economic growth, the dollar weakened. Meanwhile, the euro/dollar parity exceeded 1.11 in global markets.

Accordingly, dollar fell to 2.8989, declining under 2.90 liras, for the first time since December, with respect to global developments.