18.04.2025 10:33
The dollar/TL started the day with a 0.3% increase at the level of 38.1560, while the euro/TL and pound/TL gained 0.7% and 0.4%, respectively. Tariff negotiations in the U.S. and Trump's statements are having an impact on the markets. Analysts indicate that the dollar index could be significantly affected in the event of a potential policy disagreement between Trump and the Fed.
The dollar/TL is trading at 38.1560 after starting the day with an increase. Yesterday, the dollar/TL, which was on a downward trend, closed the day at 38.0210, 0.3% above the previous close. As of 09:30 today, the dollar/TL is trading at 38.1560, up 0.3%. At the same time, the euro/TL is trading at 43.5270, gaining 0.7%, and the pound/TL is trading at 50.6700, up 0.4%. The dollar index is at 99.3, down 0.1%.
MARKETS WILL BE CLOSED
The negotiation process regarding tariffs applied by the US on a reciprocity basis is affecting asset prices, while today, due to the "Good Friday" holiday before Easter, markets in the US and Europe will be closed.
The customs tariffs implemented by US President Donald Trump under the "America First" policy continue to be a source of uncertainty in the global economy, while the US administration's open stance for negotiations on tariffs and ongoing discussions with relevant countries are creating optimism in the markets.
THE POSSIBILITY OF A TRADE WAR IS STRENGTHENING
Trump, who met with Japanese officials the day before, also hosted Italian Prime Minister Giorgia Meloni at the White House yesterday. Trump expressed that a trade agreement could be made with the European Union (EU). On the other hand, concerns that the US's issues with trade partners through reciprocal tariffs will strengthen inflationary pressures in the country persist.
In his statement yesterday regarding Fed Chairman Powell, Trump said, "If I want him to (resign), he will. I don't think he's doing his job. He's always too late, a bit slow, and I'm not happy with him. If I want him to go, believe me, he will go immediately."
DISAGREEMENT COULD HIT THE DOLLAR
In his assessment of Powell's politics, Trump argued that interest rates need to be lowered.
Trump targeting Fed Chairman Powell through monetary policies has brought back concerns about a potential policy disagreement between Trump and the Fed that had been postponed. Analysts noted that in the event of a possible policy disagreement between Trump and the Fed, the dollar index could be significantly affected, stating that the dollar index, which has weakened since the beginning of the year, could lose even more strength. Analysts also mentioned that the data agenda is calm both domestically and internationally today.