Starting the week at 7.60, the dollar fell to 7.49 as US 10-year bonds calmed down. It started today at the level of 7.49. It is waiting for the interest rate decision to be announced tomorrow to decide the direction of the dollar, which fluctuates between 7.50 and 7.49.
Before the Central Bank meeting tomorrow, the expectations of economists and institutions are that the Central Bank will raise interest rates by 50-100 basis points. Inflation figures, which were higher than the expectations in February, led to the formation of these expectations. The current policy interest rate of the Central Bank is 17 percent. It is expected to rise to 18 percent with a 100 basis point increase tomorrow.
While the dollar gains value against other major currencies, the DXY index is at the level of 91,918 today.
Euro started today at 8,9172 level.
Source: News Global
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