Dollar/TL continues its horizontal course… Global markets are being watched

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Lerato Khumalo

Dollar/TL continues its horizontal course… The exchange rate started Wednesday at 46.49 TL. Euro started the day at 52.86 TL.

There is a sales wave in global markets, led by technology stocks. Recently, SpaceX shares, the most valuable public offering in history, almost reached the public offering level and lost all the gains it gained after the offering.

The reason for the sales wave is that companies spend high artificial intelligence expenses with debt. This raises concerns. Because investors expect that the income from artificial intelligence will not cover the debts.

On the other hand, it is also being monitored whether the agreement between Iran and the USA will continue. The USA lifted the blockade on the Strait of Hormuz. US President Donald Trump announced on his social media account today that 19 million barrels of oil passed through the Strait of Hormuz on Monday. Before the war, approximately 20 million barrels of oil were passing through the Strait of Hormuz.

The normalization of oil flow is also reflected in prices. Oil prices have fallen by 24 percent in the last month. Oil started today at $76. The figure is almost at the pre-war level!

Internal politics is followed internally. Minister of Treasury and Finance Mehmet Şimşek went to London to hold talks.