USD\/CHF, \u00c7ar\u015famba g\u00fcn\u00fc Asya seans\u0131n\u0131n sonlar\u0131na do\u011fru 0,7812 civar\u0131nda yatay seyretti. \u00d6nceki g\u00fcn g\u00f6r\u00fclen ayl\u0131k dip seviye olan 0,7790\u2019a yak\u0131n kald\u0131; 0,7800\u2019\u00fcn alt\u0131nda daha fazla d\u00fc\u015f\u00fc\u015f alan\u0131 bulunuyor.<\/p>\n
ABD Dolar\u0131, ABD ile \u0130ran\u2019\u0131n yak\u0131nda kal\u0131c\u0131 bir ate\u015fkes konusunda anla\u015fabilece\u011fine dair iyimserlik nedeniyle benzer para birimleri kar\u015f\u0131s\u0131nda zay\u0131f kald\u0131. ABD Dolar Endeksi (DXY) 98,15 civar\u0131na hafif y\u00fckseldi ancak yakla\u015f\u0131k yedi haftan\u0131n en d\u00fc\u015f\u00fck seviyesi olan 98,00\u2019e yak\u0131n seyrini s\u00fcrd\u00fcrd\u00fc. (DXY: Dolar\u0131n, ba\u015fl\u0131ca para birimlerinden olu\u015fan bir sepete kar\u015f\u0131 performans\u0131n\u0131 g\u00f6steren endeks.)<\/p>\n
ABD Ba\u015fkan\u0131 Donald Trump, Fox Business\u2019a \u0130ran\u2019la \u00e7at\u0131\u015fman\u0131n bitmesine \u201c\u00e7ok yakla\u015f\u0131ld\u0131\u011f\u0131n\u0131\u201d s\u00f6yledi. Ayr\u0131ca Sal\u0131 g\u00fcn\u00fc The New York Post\u2019a, g\u00f6r\u00fc\u015fmelerin \u00f6n\u00fcm\u00fczdeki iki g\u00fcn i\u00e7inde Pakistan\u2019da yeniden ba\u015flayabilece\u011fini belirtti.<\/p>\n
ABD Ba\u015fkan Yard\u0131mc\u0131s\u0131 JD Vance, \u0130ran\u2019la g\u00f6r\u00fc\u015fmelerin Pakistan dahil \u00e7e\u015fitli kanallar \u00fczerinden y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fcn\u00fc ve s\u00fcrece\u011fini s\u00f6yledi. Vance, iki taraf\u0131n da bir anla\u015fmaya do\u011fru \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n
Piyasalar\u0131n fiyatlamas\u0131 art\u0131k bu y\u0131l ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faiz art\u0131r\u0131m\u0131 yapaca\u011f\u0131n\u0131 i\u00e7ermiyor. Bu, sava\u015f ba\u015flad\u0131ktan sonra Mart ay\u0131nda iki faiz art\u0131r\u0131m\u0131 beklentisiyle k\u0131yasland\u0131\u011f\u0131nda belirgin bir de\u011fi\u015fim. (Piyasa fiyatlamas\u0131: Yat\u0131r\u0131mc\u0131lar\u0131n, faiz gibi beklentileri fiyatlara yans\u0131tmas\u0131.)<\/p>\n
2025\u2019teki havaya bak\u0131ld\u0131\u011f\u0131nda, ABD-\u0130ran ate\u015fkesi beklentileri nedeniyle USD\/CHF\u2019de d\u00fc\u015f\u00fc\u015f y\u00f6n\u00fcnde g\u00fc\u00e7l\u00fc bir senaryo vard\u0131. Bu iyimserlik, dolar\u0131n zay\u0131flayaca\u011f\u0131 beklentisini art\u0131rd\u0131 ve Fed politikas\u0131 beklentilerini de\u011fi\u015ftirdi. Odak, paritenin 0,7800 seviyesinin alt\u0131na inmesiydi.<\/p>\n
Bug\u00fcn, Nisan 2026\u2019da tablo tamamen tersine d\u00f6nd\u00fc. En \u00f6nemli geli\u015fme, \u0130svi\u00e7re Merkez Bankas\u0131\u2019n\u0131n (SNB) Mart ay\u0131nda politika faizini beklenmedik \u015fekilde %1,50\u2019ye indirmesi ve b\u00f6ylece b\u00fcy\u00fck merkez bankalar\u0131 aras\u0131nda gev\u015femeye ilk ba\u015flayan banka olmas\u0131. (Politika faizi: Merkez bankas\u0131n\u0131n piyasay\u0131 y\u00f6nlendiren ana faiz oran\u0131. Gev\u015feme: Faiz indirimi gibi para politikas\u0131n\u0131 daha destekleyici hale getirme.) Bu ayr\u0131\u015fma, ABD dolar\u0131n\u0131 \u0130svi\u00e7re frang\u0131na kar\u015f\u0131 belirgin bi\u00e7imde destekliyor.<\/p>\n
USD\/CHF, dipleri test etmek yerine \u015fu anda 0,9100\u2019\u00fcn \u00fczerinde g\u00fc\u00e7l\u00fc seyrediyor; bu seviye uzun s\u00fcredir g\u00f6r\u00fclmemi\u015fti. ABD enflasyon verileri de y\u00fcksek kalmaya devam etti; son T\u00fcketici Fiyat Endeksi (CPI) verileri %3\u2019\u00fcn \u00fczerinde kald\u0131. (CPI\/T\u00dcFE: T\u00fcketicinin \u00f6dedi\u011fi fiyatlar\u0131n genel d\u00fczeyini \u00f6l\u00e7en enflasyon g\u00f6stergesi.) Enflasyonun inat\u00e7\u0131 bi\u00e7imde y\u00fcksek kalmas\u0131, Fed\u2019in faiz indiriminde h\u0131zl\u0131 davranmas\u0131n\u0131 zorla\u015ft\u0131r\u0131yor.<\/p>\n
2025\u2019te azalmas\u0131 beklenen jeopolitik risk primi, Orta Do\u011fu\u2019daki s\u00fcren \u00e7at\u0131\u015fmalar ve deniz ta\u015f\u0131mac\u0131l\u0131\u011f\u0131ndaki aksamalar nedeniyle geri d\u00f6nd\u00fc. (Risk primi: Belirsizlik artt\u0131\u011f\u0131nda yat\u0131r\u0131mc\u0131lar\u0131n talep etti\u011fi ekstra getiri.) Bu durum, ge\u00e7en y\u0131lki beklentinin tersine ABD dolar\u0131na yeniden \u201cg\u00fcvenli liman\u201d talebi getirdi. (G\u00fcvenli liman: Kriz d\u00f6nemlerinde daha az riskli g\u00f6r\u00fclen varl\u0131k\/para birimi.) USD\/CHF\u2019te bir ayl\u0131k z\u0131mni oynakl\u0131k %7\u2019nin alt\u0131na indi; bu da piyasan\u0131n yukar\u0131 y\u00f6nl\u00fc yeni bir hareket riskini yeterince fiyatlam\u0131yor olabilece\u011fine i\u015faret ediyor. (Z\u0131mni oynakl\u0131k: Opsiyon fiyatlar\u0131ndan t\u00fcretilen, beklenen fiyat dalgalanmas\u0131.)<\/p>\n
Bu ortamda, temel g\u00f6stergeler ge\u00e7en y\u0131la g\u00f6re tamamen de\u011fi\u015fti\u011fi i\u00e7in yat\u0131r\u0131mc\u0131lar\u0131n USD\/CHF\u2019te ek g\u00fc\u00e7lenmeye g\u00f6re pozisyon almas\u0131 de\u011ferlendirilebilir. 0,9000 alt\u0131na sarkmalar\u0131n sat\u0131\u015fla kar\u015f\u0131lanmas\u0131 uygulanabilir bir yakla\u015f\u0131m olabilir. (Sarkma: Fiyat\u0131n k\u0131sa s\u00fcreli a\u015fa\u011f\u0131 y\u00f6nl\u00fc inmesi.) Opsiyonlarla \u201cy\u00fckseli\u015f y\u00f6nl\u00fc al\u0131m spread\u2019i\u201d kurmak\u2014\u00f6rne\u011fin \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in 0,9200 kullan\u0131m fiyatl\u0131 al\u0131m opsiyonu al\u0131p 0,9400 kullan\u0131m fiyatl\u0131 al\u0131m opsiyonu satmak\u2014s\u0131n\u0131rl\u0131 riskle y\u00fckseli\u015ften faydalanman\u0131n bir yolu olabilir. (Opsiyon: Belirli bir tarihe kadar, belirli bir fiyattan al\u0131m\/sat\u0131m hakk\u0131. Al\u0131m opsiyonu\/call: Y\u00fckseli\u015f beklentisiyle kullan\u0131l\u0131r. Spread: Bir opsiyonu al\u0131p ba\u015fka birini satarak maliyet ve riski s\u0131n\u0131rlayan yap\u0131.)<\/p>\n","protected":false},"excerpt":{"rendered":"
USD\/CHF\u2019te s\u00fcrpriz d\u00f6n\u00fc\u015f: 0,78\u2019lerden 0,91 \u00fcst\u00fcne! SNB\u2019nin beklenmedik faiz indirimi, yap\u0131\u015fkan ABD enflasyonu ve geri d\u00f6nen jeopolitik risk primi dolar\u0131 destekliyor; 0,90 alt\u0131 al\u0131m f\u0131rsat\u0131.<\/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-44653","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\/44653","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=44653"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}