18.12.2024 10:00
The dollar has reached a new peak, surpassing all its previous records due to recent economic fluctuations. Economic uncertainties and political tensions around the world continue to increase the value of the dollar. As of 09:10, the dollar/TL is trading at 35.0100, with a 0.1% increase.
The Dollar/TL is trading at 35.0100 after starting the day with an increase. Yesterday, the Dollar/TL, which moved in an upward trend, closed the day at 34.9870, up 0.1% compared to the previous close. As of 09:10, the Dollar/TL is trading at 35.0100, up 0.1%. At the same time, the Euro/TL is trading at 36.8230, up 0.3%, while the Pound/TL is being sold at 44.4840, down 0.1%.
The Dollar index is at 106.9, down 0.1%. In global markets, a mixed trend is emerging ahead of the monetary policy decisions that the U.S. Federal Reserve (Fed) will make this evening.
UNCERTAINTY IN THE MONEY MARKETS HAS INCREASED
While it is almost certain that the Fed will cut the policy rate by 25 basis points today, signals from the policy text and Fed Chairman Jerome Powell's verbal guidance are expected to provide clues about future monetary policy.
Analysts note that tonight's meeting has become even more important due to the increasing uncertainties regarding the upcoming period, stating that it is likely that volatility in the markets will increase after the meeting.
Today, domestic housing sales statistics and short-term external debt statistics will be followed, while abroad, in addition to the Fed's interest rate decision, inflation in the Eurozone and the UK, the U.S. current account balance, housing starts, and building permits will be monitored. Analysts indicate that technically, the resistance level in the dollar index is at 107.5, while the support level is at 106.5.