Markets Wait for US Interest Rate Decision

While the exchange index begins the week with a 2.81 percent loss, the dollar has risen over 1.34 New Turkish Lira (YTL). The eyes of the developing markets have turned to the critical decision due out this evening by the US. The FED will convene today under the leadership of Alan Greenspan and expectedly will increase the interest rates to 2.75 percent with an increment of 0.25.

If the FED maintains "balanced" increases, and developing markets will be relaxed. However, if the Reserve goes for a 0.50 percent increase, global investors will orient towards the US and therefore developing countries will lose funds.