Euro, the Turkish Lira against the level of 48,2954 broke the record of all time. The main reason behind the historical summit was that the euro gained value against the dollar with the expectations of the US and Europe in global markets.
While the reflections of the mobility in global markets on the Turkish Lira continued, the Euro, one of the most followed foreign exchange units in Türkiye, reached the highest level of all times against the Turkish Lira. EURO, which accelerated the upward course on the first trading day of the week, broke a new historical record by seeing the level of 48,2954 TL.
The main driving force of this new record in the markets was that the Euro gained value in the international arena against the US dollar. Recently, expectations of the monetary policies of global central banks continue to be decisive on exchange rates. In this context, the increasing expectations of the US Federal Reserve (FED) that the FED will start interest rate cuts in the near future created an element of pressure above the dollar.
On the other hand, the signals that the interest rate reduction cycle ended on the European front has brought the Euro to a stronger position against the dollar. The combination of these two basic expectations led to the rise of the EURO/Dollar parity, the world’s most important parity. The euro’s valuation against the global diameter of the dollar, the euro/TL exchange rate in the country brought up the upward -faceted record broke.
This historical rise in the Euro, which is accepted as the most popular foreign exchange unit with the dollar by investors and citizens in Türkiye, is carefully monitored in the markets. Reflecting the power of the Euro in international markets, this development once again revealed the direct impact of the course of the Euro/Dollar parity on domestic exchange rates. New signals and monetary policy decisions from global central banks are expected to be decisive in the coming period in the coming period.
Dollar/TL Started at 41.12 week
The dollar/TL is traded at the level of 41.1250 after the start of the week.
The dollar/TL, which moves on Friday, had completed the day at 41,1025 above the previous closing of the previous closing.
Dollar/TL today is traded at 41.1250 over 09.25 percent of the previous closing. At the same minutes, the euro/TL increased by 0.5 percent to 48.2580, pound/TL increased by 0.1 percent to 55.6850 is sold.
The dollar index decreased by 0.2 percent to 97.6.
Although the signals taken from the economic data described in the USA raise the concerns about the price increases, the US Federal Reserve (FED) is strongly effective on asset prices.
Core personal consumption expenditures announced on Friday in the country supported concerns about price increases. Accordingly, personal consumption expenditures in the United States increased in July with 0.5 percent in July. The Core Personal Consumption Expenditures, where the Fed considers as an indicator of inflation, and the food and energy items are excluded from the calculation, the price index increased by 0.3 percent on a monthly basis in July.
Core Personal Consumption Expenditures Price Index showed the fastest increase of the last 5 months with 2.9 percent on an annual basis. The data in question was above the expectations.
In the process, the statements of the FED officials are followed. San Francisco FED President Mary Daly, the workforce market shows signs of slowing down and tariffs up the inflation of tariff -based price increases will be specific to one time, he said.
In the pricing in the money markets, the FED is expected to make an interest rate reduction with 88 percent probability in September, while the bank is expected to go to interest rates twice in total by the end of the year.
Analysts, today, growth in Turkey, abroad and abroad manufacturing industry PMI data will be followed, he said.
Source: Newspaper Oxygen
