{"id":30812,"date":"2026-03-20T11:03:45","date_gmt":"2026-03-20T11:03:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/avrupada-erken-islemlerde-usd-chf-satis-dalgasinin-ardindan-abd-dolarinin-toparlanmasiyla-07890a-dogru-yukseldi\/"},"modified":"2026-03-20T11:03:45","modified_gmt":"2026-03-20T11:03:45","slug":"avrupada-erken-islemlerde-usd-chf-satis-dalgasinin-ardindan-abd-dolarinin-toparlanmasiyla-07890a-dogru-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/avrupada-erken-islemlerde-usd-chf-satis-dalgasinin-ardindan-abd-dolarinin-toparlanmasiyla-07890a-dogru-yukseldi\/","title":{"rendered":"Avrupa\u2019da erken i\u015flemlerde USD\/CHF, sat\u0131\u015f dalgas\u0131n\u0131n ard\u0131ndan ABD dolar\u0131n\u0131n toparlanmas\u0131yla 0,7890\u2019a do\u011fru y\u00fckseldi"},"content":{"rendered":"USD\/CHF, Cuma g\u00fcn\u00fc erken Avrupa i\u015flemlerinde 0,7890 civar\u0131na y\u00fckseldi. ABD Dolar\u0131, bir \u00f6nceki g\u00fcnk\u00fc sert d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan toparland\u0131. Hareket, ABD Dolar Endeksi\u2019nin (DXY) %0,3 artarak 99,45 civar\u0131na \u00e7\u0131kmas\u0131yla geldi. (DXY: Dolar\u0131n, ba\u015fl\u0131ca para birimlerinden olu\u015fan sepete kar\u015f\u0131 g\u00fcc\u00fcn\u00fc g\u00f6steren endeks.)  \n\nPiyasa fiyatlamas\u0131, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) bu y\u0131l boyunca faizleri de\u011fi\u015ftirmeyece\u011fine i\u015faret ediyor. CME FedWatch\u2019a g\u00f6re Aral\u0131k toplant\u0131s\u0131nda faizlerin sabit kalmas\u0131 ya da mevcut %3,50\u2013%3,75 aral\u0131\u011f\u0131n\u0131n \u00fczerinde tutulmas\u0131 ihtimali yakla\u015f\u0131k %72. (CME FedWatch: Vadeli i\u015flem fiyatlar\u0131na bakarak Fed\u2019in olas\u0131 faiz kararlar\u0131na dair piyasa olas\u0131l\u0131\u011f\u0131 hesaplayan g\u00f6sterge.)  \n\n<h3>\u0130svi\u00e7re Frang\u0131 Politikas\u0131na Odak<\/h3>  \n\u0130svi\u00e7re Frang\u0131, \u0130svi\u00e7re Merkez Bankas\u0131\u2019n\u0131n (SNB) para birimindeki h\u0131zl\u0131 de\u011fer kazanc\u0131n\u0131 s\u0131n\u0131rlamak i\u00e7in ad\u0131m atabilece\u011fi beklentilerine kar\u015f\u0131 hassas kald\u0131. SNB, Per\u015fembe g\u00fcn\u00fc politika faizini %0\u2019da b\u0131rakt\u0131 ve Frang\u0131n h\u0131zl\u0131 de\u011fer kazanmas\u0131n\u0131 frenlemek i\u00e7in d\u00f6viz piyasalar\u0131na m\u00fcdahaleye haz\u0131r oldu\u011funu s\u00f6yledi. (D\u00f6viz m\u00fcdahalesi: Merkez bankas\u0131n\u0131n kur hareketini yava\u015flatmak i\u00e7in piyasadan d\u00f6viz al\u0131p satmas\u0131.)  \n\n2025\u2019te USD\/CHF\u2019nin 0,7900 seviyesinin alt\u0131nda zorland\u0131\u011f\u0131 d\u00f6nemi hat\u0131rl\u0131yoruz. O d\u00f6nemde tart\u0131\u015fma, Fed\u2019in faizleri yakla\u015f\u0131k %3,75\u2019te tutmas\u0131na kar\u015f\u0131n SNB\u2019nin %0\u2019da kalmas\u0131yd\u0131. Bu tablo, SNB\u2019nin frang\u0131 zay\u0131flatmak i\u00e7in daha aktif m\u00fcdahale etmek zorunda kalabilece\u011fine i\u015faret ediyordu.  \n\nBug\u00fcne, 20 Mart 2026\u2019ya geldi\u011fimizde ise g\u00f6r\u00fcn\u00fcm belirgin \u015fekilde de\u011fi\u015fti; parite 0,9150 civar\u0131nda i\u015flem g\u00f6r\u00fcyor. Fed o tarihten bu yana faizleri %4,75\u2013%5,00 aral\u0131\u011f\u0131nda tutarken, SNB politika faizini %1,50\u2019ye y\u00fckseltti. Bu belirgin faiz fark\u0131, dolar\u0131n franga kar\u015f\u0131 kal\u0131c\u0131 g\u00fcc\u00fcn\u00fcn ana nedeni. (Faiz fark\u0131: \u0130ki \u00fclkenin faizleri aras\u0131ndaki fark; genelde y\u00fcksek faizli para birimine talebi art\u0131r\u0131r.)  \n\nDolar\u0131n konumu, ABD ekonomisinin diren\u00e7li kalmas\u0131yla destekleniyor; son istihdam raporu 250 binden fazla yeni i\u015fe i\u015faret etti. ABD\u2019de enflasyon zirvesinden gerilemi\u015f olsa da %2,8 ile hedefin \u00fczerinde kal\u0131yor. Bu da Fed\u2019in faiz indirimi i\u00e7in manevra alan\u0131n\u0131 daralt\u0131yor. Bu ortam, dolarda yatay ya da y\u00fckseli\u015ften faydalanan stratejileri daha cazip k\u0131l\u0131yor.  \n\n<h3>SNB\u2019nin \u00d6nceliklerinde De\u011fi\u015fim<\/h3>  \n\u00d6te yandan, 2025\u2019te \u00f6ne \u00e7\u0131kan \u201cfrang\u0131n de\u011fer kazanmas\u0131na kar\u015f\u0131 m\u00fcdahale\u201d mesaj\u0131 art\u0131k belirleyici de\u011fil. \u0130svi\u00e7re\u2019de enflasyonun son d\u00f6nemde %1,9 ile beklentileri a\u015fmas\u0131yla, merkez bankas\u0131 art\u0131k kur zay\u0131flatmaktan \u00e7ok fiyat istikrar\u0131na (enflasyonu kontrol etmeye) odaklan\u0131yor. Bu durum, daha \u00f6nce USD\/CHF y\u00fckseli\u015fini s\u0131n\u0131rlayan \u00f6nemli bir engelin ortadan kalkmas\u0131 anlam\u0131na geliyor.  \n\nBu ko\u015fullarda, piyasalar s\u00fcren politika farkl\u0131l\u0131klar\u0131n\u0131 fiyatlad\u0131k\u00e7a dalgalanman\u0131n (volatilitenin) artmas\u0131 beklenebilir. (Volatilite: Fiyat\u0131n k\u0131sa s\u00fcrede sert ini\u015f-\u00e7\u0131k\u0131\u015f yapmas\u0131.) \u00d6n\u00fcm\u00fczdeki haftalarda daha kademeli USD\/CHF g\u00fc\u00e7lenmesine y\u00f6nelik pozisyon almak i\u00e7in opsiyonlar\u0131n kullan\u0131lmas\u0131 uygun olabilir; \u00f6rne\u011fin \u201cal\u0131m opsiyonu spreadi\u201d (call spread) tercih edilebilir. (Opsiyon: Belirli bir tarihe kadar, belirli bir fiyattan alma ya da satma hakk\u0131 veren s\u00f6zle\u015fme. Call spread: Bir al\u0131m opsiyonu al\u0131rken daha y\u00fcksek kullan\u0131m fiyatl\u0131 ba\u015fka bir al\u0131m opsiyonunu satarak maliyeti d\u00fc\u015f\u00fcren, kazan\u00e7 ve riski s\u0131n\u0131rland\u0131ran strateji.) Bu yakla\u015f\u0131m, olas\u0131 y\u00fckseli\u015fe kat\u0131l\u0131m sa\u011flarken verilerde ani de\u011fi\u015fim olursa riski s\u0131n\u0131rlar.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>USD\/CHF toparlan\u0131yor: DXY y\u00fckseli\u015fiyle 0,7890 test edildi. Fed\u2019in faizleri sabit tutmas\u0131 beklenirken, SNB %0\u2019da kal\u0131p m\u00fcdahaleye haz\u0131r. Faiz fark\u0131 dolar\u0131 destekler, volatilite artabilir.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30812","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30812"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}