Euro continues to rise, surpassing the 50 TL thresholds following the Fed.

Significant Increase in Euro/TRY Rate

After the Federal Reserve’s (Fed) interest rate decision, increased volatility is observed in the foreign exchange markets. The Euro has surpassed the critical level of 50 TRY against the Turkish lira during the day. Starting the trading day at around 49.90 TRY, the euro/TRY exchange rate was trading above 50 lira as of 1:00 PM, crossing a psychological threshold. This situation has raised expectations for a further increase among investors.

Dollar's Value Decline and Market Effects

The statements made by the Fed in a more dovish tone continue to exert pressure on the dollar, causing it to lose value globally. The American currency has entered a period of weakening against leading currencies such as the euro and Japanese yen. The dollar index has dropped by 0.1% to 98.5, indicating that the market direction remains uncertain.

Current Situation in International Markets

As of 2:20 PM in international foreign exchange markets, the euro/dollar parity has risen to 1.17; the pound/dollar parity is at 1.3370, and the dollar/yen parity is trading at 155.9. This situation reflects the ongoing volatile nature of global markets.