26.02.2025 10:43
The USD/TRY started the day with a flat opening and is trading at 36.4560. In yesterday's trading, the USD/TRY moved within the range of 36.4060-36.6380, while the EUR/TRY and GBP/TRY also lost value. Macroeconomic uncertainties and monetary policies in the United States continue to have an impact on the markets.
The dollar/TL is trading at 36.4560 after starting the day flat. Yesterday, the dollar/TL moved within the range of 36.4060-36.6380, closing the day just above the previous closing at 36.4430. As of 09:40, the dollar/TL is trading at 36.4560 with a flat trend. At the same time, the euro/TL is trading at 38.2620 with a decrease of 0.3%, and the pound/TL is being sold at 46.1090 with a loss of 0.1%.
THE DOLLAR IS PRICED UNDER UNCERTAINTIES
The dollar index is at 106.5, with an increase of 0.2%. The signals from macroeconomic data and the uncertainties created by the policies of U.S. President Donald Trump are complicating asset pricing. While there are still questions about whether Trump's policies could increase inflationary pressures, this situation affects the U.S.
EXPECTATIONS FOR INTEREST RATE CUTS ARE STRENGTHENING
Concerns that the Central Bank (Fed) may narrow its policy space are also persisting. In the pricing of money markets, expectations are emerging that the Fed will make its first interest rate cut of the year in June, with a total of two rate cuts anticipated throughout the year. Analysts noted that today the data agenda domestically will be calm, while abroad, the GfK consumer confidence index in Germany and new home sales in the U.S. will be monitored, stating that technically, 107 points is a resistance level and 106 is a support level for the dollar index.