Following the U.S. presidential elections, the dollar index reached a one-year high!

The dollar index (DXY), which measures the value of the US dollar against six major currencies, including the Euro and Japanese Yen, has risen to 106.60, reaching its highest level in the past year. These levels in the DXY were last seen at the end of October last year. The DXY had declined to the 100.00 threshold in September this year. On the other hand, the EUR/USD pair has anchored at a one-year low of 1.0550.

US BOND YIELDS RISING

Another noteworthy development is occurring in bonds. The 10-year US Treasury yields have also risen to 4.48%, the highest level in the last 4.5 months. In mid-September, the 10-year bond yield had fallen to as low as 3.60%. The increase in US inflation figures announced yesterday for October has also triggered a rise in interest rates.

NOVEMBER 14, 2024 DOLLAR PRICE

Meanwhile, domestically, the dollar maintains a stable outlook despite movements in global markets. In the interbank market, the dollar price for November 14, 2024, starts the day at 34.34 TL. In the short term, 34.38 TL is being monitored as resistance and 34.28 TL as support for the dollar.