Concerns about economic slowdown in the United States weakened the dollar. The Euro/dollar pair saw a four-month high at 1.09. Meanwhile, the Euro/TL broke a record at 39.87. Worries about an economic slowdown in the United States due to customs tariffs have shaken markets and the dollar. As losses in the U.S. stock market exceeded 4%, the dollar index approached the 103 level, trading at its lowest level since November 2024. The Euro/dollar pair reached a high of 1.09, testing the highest level in four months. Global market developments affected the domestic market, with the Dollar/TL trading at a historic peak of 36.58 today. The Euro/TL also hit a record at 39.87. The Turkish Lira’s depreciation against the dollar since the beginning of the year has surpassed 3%. TRUMP FUELS RECESSION FEARS President Trump’s statements over the weekend, along with increased tension in trade due to tariffs, fueled concerns that could trigger economic slowdown. Trump did not dismiss the possibility of tariffs causing the country’s economy to enter a recession or inflation to rise this year. Trump, who said he hates making predictions in such matters, stated, “There is currently a transition period because what we are doing is huge. We are bringing wealth back to America.” Regarding whether tariffs would fuel inflation, Trump acknowledged that it could impact inflation but also emphasized that interest rates have fallen.