14.04.2025 10:25
As global wars unfold, particularly between the US and China, successive additional tariffs are being implemented, negatively impacting the dollar in this risky environment. Following the fluctuations in the markets, the American dollar has fallen to its lowest level in 2025. As of 09:30 today, the dollar is trading at 38.0260, which is 0.1% lower than the previous closing.
In 2025, the dollar fell to its lowest level in history. Economic fluctuations and political uncertainties around the world have caused a significant drop in the value of the dollar.
The Bloomberg Dollar Spot Index fell by as much as 0.4% on Monday, extending last week's 2.4% decline triggered by escalating trade tensions with China and growing fears about global economic growth. This movement brought the index to its lowest level of the year, last seen in October.
The Trump administration's decision to pause tariffs on a range of products from smartphones to laptops and memory chips over the weekend had created hope that Trump would take a flexible approach to conducting the trade war. However, this relief was temporary after Trump promised to impose a specific import tax on the consumer electronics sector and to review microchips in a national security tariff investigation.
NEGATIVE EXPECTATIONS REGARDING THE DOLLAR ARE INCREASING
Dane Cekov, a senior macro and currency strategist at Sparebank 1 Markets AS in Oslo, stated, "For the US dollar to continue to rise consistently, a quick peace agreement in the trade war is needed before long-term damage is done to the US economy. As the effects of Trump's tariffs become evident in concrete data such as consumption, inflation, and labor market figures, the US dollar will continue to weaken in the coming months."
According to a Bloomberg survey, the pressure on US assets shows very little sign of easing, as investors predict they will reduce their risks even after Trump softened his stance on tariffs last week. According to data from the Commodity Futures Trading Commission, an indicator of dollar volatility remains at its highest level in two years, while speculative investors have increased their short positions in the US currency since October in the week ending April 8.
CURRENT SITUATION IN DOMESTIC MARKETS
On Friday, the dollar/TL, which was on an upward trend, closed the day at 38.0580, 0.4% above the previous close. As of 09:30 today, the dollar/TL is trading at 38.0260, 0.1% below the previous close. At the same time, the euro/TL is trading at 43.3990, up 0.4%, and the pound/TL is being sold at 50.0020, with a 0.5% gain.