The dollar/TL started the week with an increase.

The dollar/TL started the week with an increase.

02.12.2024 12:42

The dollar/TL started the week trading at a level of 34.7250, showing an increase. On Friday, it closed at 34.7030, marking a 0.3% rise. Positive economic data had an impact on global markets, and attention turned to a busy data agenda.

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The dollar/TL is trading at 34.7250 with a gain of 0.1% as of 10:10. In the same minutes, the euro/TL is down 0.5% at 36.5690, and the pound/TL is down 0.4% at 44.0810. The dollar index is at 106.2, up 0.4%. Global markets started the week positively, influenced by optimism that China does not intend to enter a potential trade war with the U.S. and positive signals from economic data released in China, while attention is now focused on the busy data agenda to be announced worldwide today.

FED IS EXPECTED TO CONTINUE INTEREST RATE CUTS THIS MONTH

Despite high geopolitical and political tensions worldwide, signals from macroeconomic data are keeping risk appetite strong in the markets. On the other hand, pricing in the money markets suggests that the U.S. Federal Reserve (Fed) is expected to continue interest rate cuts this month with a 67% probability, while the non-farm payroll data to be released on Friday is expected to affect these pricing expectations.

Additionally, the threat of a 100% additional tariff on BRICS countries by the newly elected U.S. President Donald Trump is among the issues that investors are closely monitoring.



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