Latest USD/TL exchange rate
The dollar index was trading at 105.5, around 09.40, slightly below the previous closing value.
Global markets are mixed
Global markets have been mixed amid ongoing uncertainty over what further steps the US Federal Reserve will take.
Analysts said data on growth and personal consumption due in the United States this week could give clues about further steps the Fed might take, while verbal guidance from bankers could also add to market volatility.
Money markets are pricing in a 74% chance that the Fed will begin cutting rates in September and a 90% chance in November. With the potential cut in rates in hand, they are pricing in a 90% chance that the Fed will cut rates a second time in December.
Analysts said that today the domestic home price index, the US New York Fed consumer confidence index and home price index data will follow overseas, and technically the 105 and 106 levels of the dollar index stand out as resistance levels, while the 104 and 103 levels stand out as support levels.
Here are some notable figures for today’s market:
10.00 Turkiye, April house price index
16.00 US, April Home Price Index
17.00 US, New York Fed June Consumer Sentiment Index
