After the Fed's statements, the dollar became volatile.

The dollar/TL is trading at 34.7510 after starting the day with an increase. Yesterday, the dollar/TL, which moved sideways, closed just below the previous closing at 34.7280.

As of 10:00 AM, the dollar/TL is trading at 34.7510 with a gain of 0.1%. At the same time, the euro/TL is up 0.4% at 36.7080, and the pound/TL is up 0.1% at 44.2050. The dollar index, on the other hand, is at 106.2, down 0.2%.

CONTRIBUTION TO OPTIMISM

Global markets are positively trending, influenced by the technology stocks rally that began after U.S. Federal Reserve Chairman Jerome Powell stated that the U.S. economy is in good shape and that this situation provides them with room for policy adjustments in interest rates.

The data released in the U.S. has strengthened optimism that the country's economy could achieve a "soft landing," while Powell's assertion that the economy is in good shape and that there are no obstacles to its continuation has fueled risk appetite in the markets.

SIGNAL OF "NO TENSION"

Powell's statements indicating that he does not expect any tension with Donald Trump, who was elected President in the U.S., and his upcoming cabinet have somewhat alleviated the concerns raised by the potential mismatch between the Fed and Trump following the election. Powell also mentioned that they are on the path to bringing interest rates back to a more neutral level.

Following Powell's speech, the likelihood of the bank cutting interest rates this month has increased, with market pricing suggesting a 78% chance that the Fed will lower the policy rate by 25 basis points at its meeting on December 18.

Moreover, the U.S. non-farm payroll data to be released tomorrow is expected to have an impact on market direction.

Analysts noted that today, domestic weekly money and bank statistics will be monitored, while abroad, weekly unemployment claims and the trade balance in the U.S. will be followed, stating that technically, the dollar index has support at 105.5 and resistance at 107.