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The American Central Bank (FED) announced the policy interest rate decision that the whole world has been eagerly waiting for. Accordingly, the interest rate was reduced by 25 basis points to a range of 4.25-4.50 percent.
The decision caused significant fluctuations in the markets. The US dollar gained value against other currencies. The dollar, which had been hovering around 35.00, reached 35.05 TL, surpassing 35.00 TL.
DOLLAR HEADING TOWARDS A TWO-YEAR HIGH
The FED's announcement that the pace of interest rate cuts will slow down by 2025 has caused the dollar to trade near a two-year high.
HOW MUCH IS THE DOLLAR TODAY?
The dollar/TL exchange rate closed at 35.0485 TL, while today the buying price is 35.039 TL and the selling price is 35.0581 TL. Compared to the first day of December, the dollar rate has increased by 0.35 TL, gaining 1.01% in value.
EURO CONTINUES TO RISE
The euro is maintaining its upward trend, gaining 0.21% in value. The euro, which closed at 36.434 TL previously, is currently trading at a buying price of 36.418 TL and a selling price of 36.45 TL.
GOLD IS EXPERIENCING A DECLINE
A decline is observed in the gold market. Gram gold is being bought at 2,933 TL, while a quarter gold is being sold at 4,796 TL.
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