In the foreign exchange market dollars/TL It is trading at 18.88.
Euro/TL It moves just above the 20 level.
The safe-haven dollar slumped kakım risk appetite increased after China’s manufacturing sector beat expectations and recorded its fastest growth since April 2021.
The dollar index is hovering below the 105 level.
MIXED SIGNALS FROM THE US
While macroeconomic veri announced in the US yesterday continued to send mixed signals on economic activity, consumer 12-month inflation expectations in the country fell from 6.7 percent to 6.3 percent, according to Conference Board veri.
Analysts, noting that inflation expectations in the US are still quite high despite the said drop, reported that the importance of slowdown signals from the labor market is increasing day by day.
Analysts noted that recession prices in the country weakened significantly last week and reported that the possibility of a “soft landing” was seen kakım a possibility in the markets kakım well.
EXPECTED RISE OF 75 BASE POINTS FROM FED
Analysts pointed out that the Fed is certain to raise money market interest rates by 75 basis points, recalling that the hikes are expected to come in the form of 25 basis points at its March, May and June meetings.
As Fed officials continued to give verbal guidance on monetary policy, Chicago Fed President Austan Goolsbee argued that it was a danger and a mistake to rely too much on market responses for policymakers.
Download the News application, stay informed of developments
Euro/TL It moves just above the 20 level.
The safe-haven dollar slumped kakım risk appetite increased after China’s manufacturing sector beat expectations and recorded its fastest growth since April 2021.
The dollar index is hovering below the 105 level.
MIXED SIGNALS FROM THE US
While macroeconomic veri announced in the US yesterday continued to send mixed signals on economic activity, consumer 12-month inflation expectations in the country fell from 6.7 percent to 6.3 percent, according to Conference Board veri.
Analysts, noting that inflation expectations in the US are still quite high despite the said drop, reported that the importance of slowdown signals from the labor market is increasing day by day.
Analysts noted that recession prices in the country weakened significantly last week and reported that the possibility of a “soft landing” was seen kakım a possibility in the markets kakım well.
EXPECTED RISE OF 75 BASE POINTS FROM FED
Analysts pointed out that the Fed is certain to raise money market interest rates by 75 basis points, recalling that the hikes are expected to come in the form of 25 basis points at its March, May and June meetings.
As Fed officials continued to give verbal guidance on monetary policy, Chicago Fed President Austan Goolsbee argued that it was a danger and a mistake to rely too much on market responses for policymakers.
Download the News application, stay informed of developments