In Turkey, the Current Account Balance for November, announced today, posted a deficit of $3.67 billion, more than expected. The data was expected to give a deficit of 3.27 billion. Following this data, the Current Account Deficit for the January-November period became 41.81 billion dollars.

In his speech, European Central Bank (ECB) Member Holzmann said that interest rates will still need to rise significantly to ensure that inflation falls to the target in a timely manner and that there are no signs in the market that inflation expectations are anchored.

While there was not a very heavy data traffic on the 3rd trading day of the week, the Dollar Index rose slightly before the inflation rates to be announced tomorrow in the USA. While US inflation is not expected to change on a monthly basis, it is expected to decline from 7.1% to 6.5% on an annual basis. If inflation declines as expected, the Dollar Index may lose value with the expectations that the FED will slow down the rate hike process even more. On the contrary, if inflation increases, we can see gains in the Dollar Index.

Agenda of the day;

• 18:30 (GMT+3) US Crude Oil Stocks
• 21:00 (GMT+3) US 10-Year Bond Auction