Foreign exchange rates started the day flat. The Dollar/TL is priced at 37.98 while the Euro/TL is changing hands at 41.02.

Following a flat start to the day, the Dollar/TL is trading at 37.9820. After moving with an upward trend yesterday, the Dollar/TL ended the day at 37.9770, a 0.4% increase. As of 09:20 today, the Dollar/TL is trading just above the previous closing price at 37.9820. At the same time, the Euro/TL is down 0.1% at 41.0250 and the Pound/TL is down 0.2% at 49.0720. The Dollar index remains steady at 104.3. Uncertainties surrounding the impact of the US’s protectionist trade attitude, inflation, and recession dilemma continue to be key issues for economies worldwide. President Donald Trump’s tariff policies affect asset pricing, and concerns persist that these tariffs may keep inflationary pressures alive in the US, potentially leading to a tightening of policy by the Federal Reserve (Fed). Analysts note that there is a 70% likelihood that the Fed will make its first interest rate cut of the year in June, with a total of 2 cuts expected throughout the year.

Analysts point out that today’s domestic indicators to watch include the real sector confidence index and capacity utilization rate, while internationally, the Ifo Business Confidence Index in Germany, the New York Fed Consumer Confidence Index, and the Richmond Fed Manufacturing Index in the US will be closely monitored. From a technical perspective, analysts highlight 104.5 as a resistance level and 103.5 as a support level for the Dollar index.