The coronavirus emerging in China has spread to many countries around the world.
There were big fluctuations in the markets due to the deadly virus affecting production.
Many large companies in China stopped their production. What happened in the Chinese ecosystem also affected the world markets.
THE GRAM OF GOLD 330 LIRA
The uncertainty created by the coronavirus pushed investors into gold.
Gram gold price is 330 lira.
DOLLAR 6.20
An increase was seen in the dollar and euro.
The dollar gained value against the Turkish lira and reached the level of 6.20.
Similar uptrend was also seen in the euro.
EURO 7.02
The euro, which appreciated against the Turkish lira, rose to 7.02.
ENGLISH STERLIN 8 LIRA
British Pound increased to 8 lira.
US AND UK INTEREST RELEASES
Following the developments in the markets, the American Central Bank fell in interest rates.
Following the US Central Bank, the Bank of England also lowered interest rates.
At the meeting today, the Bank of England went on an interest rate cut for the first time since August 2016, and the indicator lowered the interest rate by 50 basis points to 0.75 percent to 0.25 percent.
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https://www.ensonhaber.com/koronavirusun-ekonomiye-etkisi.html
