02.01.2026 12:24
The dollar/TL has risen above the 43 level to 43.0294, reaching an all-time high. The euro/TL is trading around 50.55. Concerns about the independence of the Fed and uncertainty regarding the new Fed chair are being monitored in the markets.
The dollar/TL started the day with an increase, climbing to the level of 43.0294. Thus, the exchange rate broke a record by exceeding the 43 threshold for the first time.
EURO IS TRADING AT 50.55 LEVELS
On Wednesday, the dollar/TL, which followed a horizontal trend, closed the day just above the previous closing at the level of 42.9560. Euro/TL, on the other hand, continues to trade at around 50.55 levels.
FED FEARS GROW
Meanwhile, the focus of the markets is on the ongoing concerns regarding the independence of the U.S. Federal Reserve (Fed) and expectations that the Fed will continue to cut interest rates.
UNCERTAINTY ABOUT WHO THE PRESIDENT WILL BE
While uncertainty continues about who will be the Fed chairman, it has been stated that U.S. President Donald Trump is expected to announce the Fed chairman candidate he supports within this month.
It is anticipated that Jerome Powell will hand over his position to the new Fed chairman in May, and a more dovish monetary policy may be pursued in the new term.