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

Following a flat start to the day, the Dollar/TL is trading at 37.9820 level. Showing an upward trend yesterday, the dollar/TL closed the day with a 0.4% increase at 37.9770. As of 09:20 today, the Dollar/TL is trading slightly above the previous closing at 37.9820 level. At the same minutes, the Euro/TL is selling at a 0.1% decrease at 41.0250, and the Pound/TL is at a 0.2% decrease at 49.0720. The Dollar index, meanwhile, is at a sideways movement at 104.3 level. Uncertainties about the effects of the protectionist trade policy of the US, as well as the inflation and recession dilemma, continue to be the main agenda items for economies worldwide. While US President Donald Trump’s tariff policies impact asset pricing, doubts about the possibility of these tariffs maintaining inflationary pressures in the US and potentially causing the Federal Reserve (Fed) to tighten its policy persist. Analysts noted that it is estimated with a 70% chance that the Fed will make its first interest rate cut of the year in June, and it is certain that the bank will cut interest rates twice throughout the year.

Analysts pointed out that today, the domestic real sector confidence index and capacity utilization rate will be followed, while in foreign countries, the Ifo business climate index in Germany, the New York Fed consumer confidence index in the US, and the Richmond Fed manufacturing industry index will be monitored. From a technical standpoint, analysts stated that 104.5 is the resistance level in the dollar index, while 103.5 is the support level.