{"id":31072,"date":"2026-03-24T23:03:58","date_gmt":"2026-03-24T23:03:58","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/euro-hafif-toparlandi-pmi-verilerinin-ardindan-abd-dolari-zirvelerden-geri-cekilirken-eur-usddeki-kayiplar-azaldi\/"},"modified":"2026-03-24T23:03:58","modified_gmt":"2026-03-24T23:03:58","slug":"euro-hafif-toparlandi-pmi-verilerinin-ardindan-abd-dolari-zirvelerden-geri-cekilirken-eur-usddeki-kayiplar-azaldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/euro-hafif-toparlandi-pmi-verilerinin-ardindan-abd-dolari-zirvelerden-geri-cekilirken-eur-usddeki-kayiplar-azaldi\/","title":{"rendered":"Euro hafif toparland\u0131; PMI verilerinin ard\u0131ndan ABD Dolar\u0131 zirvelerden geri \u00e7ekilirken EUR\/USD\u2019deki kay\u0131plar azald\u0131"},"content":{"rendered":"EUR\/USD, S&P Global PMI (sat\u0131n alma y\u00f6neticileri endeksi) verilerinin ard\u0131ndan ABD Dolar\u0131\u2019n\u0131n (USD) zay\u0131flamas\u0131yla sal\u0131 g\u00fcn\u00fc g\u00fcn i\u00e7i kay\u0131plar\u0131n\u0131 azaltt\u0131. Parite, g\u00fcn i\u00e7i 1,1567 dip seviyesini g\u00f6rd\u00fckten sonra 1,1590 civar\u0131nda i\u015flem g\u00f6rd\u00fc ve yakla\u015f\u0131k %0,20 eksideydi.\n\nABD Dolar Endeksi (DXY), 99,50 civar\u0131ndan gerileyerek 99,30 seviyesine yak\u0131nd\u0131. PMI g\u00fcncellemeleri, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fman\u0131n t\u0131rmanmas\u0131ndan bu yana yay\u0131mlanan ilk veriler oldu ve hem Euro B\u00f6lgesi\u2019nde hem de ABD\u2019de ekonomik faaliyette yava\u015flamaya i\u015faret etti.\n\n

Key Pmi Highlights<\/h3>\nABD\u2019de Bile\u015fik PMI (imalat ve hizmetleri birlikte \u00f6l\u00e7en endeks) 51,9\u2019dan 51,4\u2019e gerilerken, Hizmet PMI 51,7\u2019den 51,1\u2019e d\u00fc\u015ft\u00fc; her ikisi de 11 ay\u0131n en d\u00fc\u015f\u00fck seviyesine indi. \u0130malat PMI ise 51,6\u2019dan 52,4\u2019e y\u00fckseldi.\n\nEuro B\u00f6lgesi\u2019nde Bile\u015fik PMI 51,9\u2019dan 50,5\u2019e gerileyerek 10 ay\u0131n en d\u00fc\u015f\u00fc\u011f\u00fcn\u00fc g\u00f6rd\u00fc. Hizmet PMI 51,9\u2019dan 50,1\u2019e indi. \u0130malat PMI 50,8\u2019den 51,4\u2019e y\u00fckselerek yakla\u015f\u0131k d\u00f6rt y\u0131l\u0131n zirvesine \u00e7\u0131kt\u0131.\n\nPiyasalar, Orta Do\u011fu gerilimi nedeniyle faiz beklentilerini de\u011fi\u015ftirdi. Fed\u2019in (ABD Merkez Bankas\u0131) 2026 boyunca faizleri sabit tutmas\u0131 bekleniyor. ECB (Avrupa Merkez Bankas\u0131) i\u00e7in iki faiz art\u0131\u015f\u0131 beklentisi tamamen fiyatland\u0131; ECB \u00fcyesi Martins Kazaks, enflasyonun enerjiden di\u011fer kalemlere yay\u0131lmas\u0131 halinde faiz art\u0131\u015flar\u0131n\u0131n gerekebilece\u011fini s\u00f6yledi.\n\n

Central Bank Divergence<\/h3>\nPiyasadaki \u201cmerkez bankalar\u0131 ayr\u0131\u015fmas\u0131\u201d beklentisi ger\u00e7ekle\u015fti. ECB o tarihten bu yana iki kez faiz art\u0131rarak ana faiz oran\u0131n\u0131 %5,00\u2019e ta\u015f\u0131d\u0131. Fed ise politika faizini (bankalar\u0131n gecelik bor\u00e7lanma faizi i\u00e7in hedef aral\u0131k) %5,25-%5,50 band\u0131nda sabit tuttu. Bu politika fark\u0131 (iki merkez bankas\u0131n\u0131n farkl\u0131 y\u00f6nde hareket etmesi), euronun g\u00fc\u00e7lenmesinde ana etken oldu ve EUR\/USD\u2019yi 1,16 alt\u0131ndan 1,1850 civar\u0131ndaki seviyelere ta\u015f\u0131d\u0131.\n\nBu g\u00f6r\u00fcn\u00fcmde, EUR\/USD\u2019de y\u00fckseli\u015fin s\u00fcrmesine ancak h\u0131z kesmesine oynayan opsiyon stratejileri (belirli tarihte belirli fiyattan al\u0131m-sat\u0131m hakk\u0131 veren s\u00f6zle\u015fmeler) daha uygun g\u00f6r\u00fcn\u00fcyor. Paritede z\u0131mni oynakl\u0131k (opsiyon fiyatlar\u0131na yans\u0131yan beklenen dalgalanma) 2025 ortas\u0131nda yakla\u015f\u0131k %6 iken 2026 Ocak\u2019ta %9\u2019un \u00fczerine \u00e7\u0131kt\u0131 ve y\u00fcksek kalmaya devam ediyor. Euro\u2019da \u201czarar kesimden uzak\u201d put (d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 sat\u0131m hakk\u0131; mevcut fiyattan daha a\u015fa\u011f\u0131 seviyede) satmak, prim (opsiyon sat\u0131c\u0131s\u0131n\u0131n pe\u015fin ald\u0131\u011f\u0131 gelir) toplaman\u0131n bir yolu olabilir; ECB\u2019nin \u015fahin duru\u015funun (enflasyonla m\u00fccadele i\u00e7in faiz art\u0131rmaya yatk\u0131n tutum) euronun alt\u0131n\u0131 destekleyece\u011fi varsay\u0131m\u0131yla.\n\n\u0130leriye d\u00f6n\u00fck olarak, Atlantik\u2019in iki yakas\u0131nda enflasyon verileri izlenmeli. Euro B\u00f6lgesi HICP enflasyonu (uyumla\u015ft\u0131r\u0131lm\u0131\u015f t\u00fcketici fiyat endeksi; \u00fclkeler aras\u0131 kar\u015f\u0131la\u015ft\u0131r\u0131labilir enflasyon \u00f6l\u00e7\u00fcm\u00fc) \u015fubatta %3,8\u2019e s\u0131n\u0131rl\u0131 geriledi; bu durum ECB\u2019nin yeni art\u0131\u015f sinyali vermesini zorla\u015ft\u0131rabilir. Fed yetkililerinden \u201cg\u00fc\u00e7l\u00fc dolar\u201d konusunda kayg\u0131ya i\u015faret eden bir mesaj gelmesi de e\u011filimi h\u0131zla tersine \u00e7evirebilir.\n

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Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

PMI s\u00fcrpriziyle dolar zay\u0131flad\u0131, EUR\/USD kayb\u0131n\u0131 azaltt\u0131. ABD ve Euro B\u00f6lgesi faaliyet yava\u015fl\u0131yor; merkez bankas\u0131 ayr\u0131\u015fmas\u0131 euroyu destekliyor. Oynakl\u0131k artt\u0131, y\u00fckseli\u015f yava\u015flayabilir; enflasyon izlenecek.<\/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-31072","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\/31072","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=31072"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}