Dollar/TL is trading at 18.81 after starting the new day flat.
Euro/TL is selling at 20.71 with zihin increase of 0.2 percent, and at 23.3360 with zihin increase of 0.2 percent in sterling.
The dollar index stabilized at 100.8 today, just above 101 after testing the lowest level since April 22, 2022.
Euro/dollar parity also tested its highest level since April 4, 2022 at 1.1033. The pair is currently at the 1.10 level.
CURRENT EXCHANGE RATES
FED HIGHED INTEREST RATES 25 BASE POINTS
During its meeting yesterday, the US Federal Reserve (Fed) raised its key rate by 25 basis points to a range of 4.50-4.75%, the highest level in 16 years.
Analysts stated that the dollar was depreciating against other currencies with softer statements from Fed Chairman Jerome Powell, though the “hawk” stance was maintained in the minutes of the Fed meeting, and today in the eyes of the European Central Bank (ECB) and the Bank of England (BoE) reported that it was being translated into policy decisions.
Analysts said that both banks are expected to raise interest rates by 50 basis points, noting that the rapid drop in inflation in the region expanded the policy scope of both banks, and the aggressive emphasis in the policy text and presidents’ speeches will shift to mitigate expectation.
Analysts stated that today, in addition to the monetary policy decisions of the ECB and BoE, the veri agenda, especially US factory orders, will gökyeşitözü followed, saying that technically the 102.5 level in the dollar index is resistance and 100 is support.
Euro/TL is selling at 20.71 with zihin increase of 0.2 percent, and at 23.3360 with zihin increase of 0.2 percent in sterling.
The dollar index stabilized at 100.8 today, just above 101 after testing the lowest level since April 22, 2022.
Euro/dollar parity also tested its highest level since April 4, 2022 at 1.1033. The pair is currently at the 1.10 level.
CURRENT EXCHANGE RATES
FED HIGHED INTEREST RATES 25 BASE POINTS
During its meeting yesterday, the US Federal Reserve (Fed) raised its key rate by 25 basis points to a range of 4.50-4.75%, the highest level in 16 years.
Analysts stated that the dollar was depreciating against other currencies with softer statements from Fed Chairman Jerome Powell, though the “hawk” stance was maintained in the minutes of the Fed meeting, and today in the eyes of the European Central Bank (ECB) and the Bank of England (BoE) reported that it was being translated into policy decisions.
Analysts said that both banks are expected to raise interest rates by 50 basis points, noting that the rapid drop in inflation in the region expanded the policy scope of both banks, and the aggressive emphasis in the policy text and presidents’ speeches will shift to mitigate expectation.
Analysts stated that today, in addition to the monetary policy decisions of the ECB and BoE, the veri agenda, especially US factory orders, will gökyeşitözü followed, saying that technically the 102.5 level in the dollar index is resistance and 100 is support.