Euro Kaç TL: Dolar/TL 34 Lira Seviyesini Aştı
Critical Rise in Dollar/TL
Yesterday, the Dollar/TL surged to levels of 33.96, and today it has surpassed 34 lira. The upward trend continues, reaching a record high of 34.00150.
Factors Driving Currency Surge
The Turkish Central Bank highlighted the increasing demand for foreign currency. The data revealed that individuals' foreign currency accounts rose by 1.182 billion dollars.
- The currency is trading at 34.0005 as of 11:20 am.
- Foreign currency deposit demands are primarily driven by current account surplus and withdrawals from Currency Protected Deposits (KKM).
Uncertainty in Global Markets
As inflation battles continue worldwide, uncertainty surrounding the Federal Reserve's upcoming actions is increasing. Investors are keenly awaiting signals from Fed Chairman Jerome Powell's speech at the Jackson Hole Economic Policy Symposium.
- Market expectations suggest a 100 basis point rate cut by the Fed before the year's end.
- Market volatility is expected to rise with new insights from Powell.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.