10.02.2025 10:23
The Dollar/TL started the week trading at 36.0310, continuing its upward trend. The dollar index also increased by 0.2%, reaching 108.3. Investors are focused on the inflation data to be released in the U.S. and developments related to global trade wars.
The dollar/TL is trading at 36.0310 after starting the week with an increase. On Friday, the dollar/TL, which moved in an upward trend, closed the day at 35.9680, 0.2% above the previous close.
In the new week, as of 09:15, the dollar/TL is trading at 36.0310, 0.2% above the previous close. At the same time, the euro/TL is trading at 37.1590, up 0.6%, while the pound/TL is being sold at 44.6780 with a flat trend.
The dollar index is currently at 108.3, up 0.2%.
INFLATION DATA IS CRITICAL
In asset pricing, the effects of renewed concerns over the U.S. imposing additional tariffs are coming to the forefront, while this week all eyes will be on the inflation data to be released in the U.S. Analysts report that U.S. President Donald Trump announced yesterday that he would impose a 25% tariff on steel and aluminum imports, which raises concerns that global trade wars could escalate, potentially increasing inflationary pressures within the country. Analysts also noted that today, the unemployment rate and industrial production will be monitored domestically, while the Sentix investor confidence index in the Eurozone will be followed abroad, stating that technically, the 107.5 level is a support and the 108.5 level is a resistance for the dollar index.