How much is the dollar rate today? (January 13, 2023 dollars – euro prices)

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Dollar – how much TL in euro? How much was the dollar rate last? The latest situation in exchange rates in the interbank market.

USD/TLcontinues its horizontal course around 18.78. Euro/TL It moves at the level of 20.35.

In global markets, expectations that inflation may have entered a downward trend in the USA and that the US Federal Reserve (Fed) may soften its hawkish stance are gaining weight.

Inflation in the USA fell from 7.1 percent to 6.5 percent on an annual basis, while a decrease of 0.1 percent was observed on a monthly basis.

DOLLAR AT 7 MONTHS LOW

In international markets, the dollar fell to its lowest level since June, as data showing that inflation in the US has slowed strengthens expectations that the Fed will stop aggressive interest rate hikes. The dollar index is moving at the level of 102.

Analysts said that despite the softening in inflation, rents remained relatively high and indicators of labor markets remained strong, eroding the upward movement in the stock markets.

ORAL REFERENCES FROM FED OFFICIALS Fed officials continued their verbal guidance yesterday. st. Stating that the labor market is strong, Louis Fed President James Bullard said that despite the slowdown in CPI, inflation is still high and far above the Fed’s target, and that he would prefer this to be done as soon as possible if the interest rate is to exceed 5 percent. Richmond Fed President Thomas Barkin stated that the 2 percent inflation target must be met in order for the Fed to maintain its credibility, and noted that there is no need for aggressive increases in interest rates as last year due to the slowdown in inflation. Philadelphia Fed President Patrick Harker stated that the worst of the increase in inflation is probably behind and it is time for the Fed to move on to 25 basis point rate hikes in future interest rate decisions. After these developments, the probability that the Fed will increase interest rates by 25 basis points at the next meeting’s meeting in the money markets increases to 94 percent, while the probability of a 25 basis point increase in interest rates in March is at the level of 76 percent. With the decline in inflation in the USA, a buying-heavy course was followed in the bond markets, while the 10-year bond yield of the USA fell to 3.43 percent yesterday.



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