1-Year High Euro/Dollar Parity Reached

The dollar has continued to lose strength in global markets, as the inflation in the US is expected to decrease in March. This decrease has resulted in the Federal Reserve’s interest rate hike being small, and they may soon begin on the path towards interest rate cuts.

This news has caused turmoil in global markets, with gold and the euro rising rapidly. The fall in the inflation data for March has raised the expectation that the Federal Reserve’s interest rate increase will be increased only once more, and then it will enter into a process of interest rate cuts.

The dollar, which appreciated in parallel with these expectations, has started to decline in the global markets. The euro has risen to 1.10755 against the US dollar, its highest point since April 2022, and it is currently trading at 1.10700.

The latest situation on the dollar and the euro is that in Turkish markets, the dollar is being sold for 19.3530 liras, the euro at 21.4272 liras, and gram gold for 1270 liras.

The markets are on edge, as it is uncertain how the situation will develop. As always, it is essential to monitor what is happening in the economy to make informed decisions about investments.

This news was taken from this source and rewritten by artificial intelligence.