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Latest situation in the markets: How much was the dollar and euro? (Thursday, May 5, 2022)

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Dollar/TL rate started the first business day after Fed at 14,7532 TL. Euro started from 15,6581 TL.

The US Federal Reserve, the Fed, increased the policy rate in May by 50 basis points. This decision was an increase rate expected by the markets. Fed Leader Jerome Powell gave a dove message to the markets, saying that they would not allow a recession at the press conference after the decision. With this statement, the dollar rate began to decline against global currencies.

DXY index, which shows the strength of the dollar against global currencies, dropped from 103,582 to 102,456.

Stating that inflation is high in the USA at the press conference, Powell said, “We are not happy with the rate hike, but we need to ensure price stability. Nothing in economics points to a recession. We have a good chance of maintaining stability without causing a recession.” he said he This message became the lifeblood of the markets. US indices closed the day with increases exceeding 3 percent.

Today, the inflation figures for April will be announced inside. The inflation number, which will be announced by TUIK at 10 am, is expected to be around 6 percent in April.

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