What matters this morning

The number of daily coronavirus cases once again exceeded 6,100 in the last 24 hours while we look forward to July 1, when the pandemic curfews will end as well as intercity travel restrictions and public transport restrictions will be lifted.

Over 43.7 million people have vaccinated to date while more than 14.5 million people have received the second dose. The total figure placed Turkey in the ninth place with the highest number of inoculations in the world, according to Our World in Data, the online platform collecting COVID-19 data.

In the meantime, President Recep Tayyip Erdogan unveiled the name for the country’s national COVID-19 vaccine candidate as Turkovac. The vaccine development program has entered Phase 3 clinical trials on volunteers. Erciyes University’s Aykut Ozdarendereli, one of the scientists who developed the vaccine, and Dr. Serhat Unal, its Turkish coordinator were the first volunteers getting the jabs.

USD/TRY, which stopped the 6-day increase and dropped from 8.80 to 8.65 yesterday, is traded at 8.63 this morning. EUR/TRY hovers around 10.29-10.33.

Gold prices slightly rose after the Federal Reserve (Fed) Chair Jerome Powell’s stated that they will not increase the interest rate based on concerns over inflation. Spot gold surged by 0.1% to USD 1,780 per ounce.

Oil prices increased after the U.S. crude oil stocks declined more than estimated. Brent crude exceeded USD 75 per barrel.


The Central Bank will release Financial Services Confidence Index (2.30 pm).

Leave a Reply

Your email address will not be published.