USD\/CHF, \u00c7ar\u015famba g\u00fcn\u00fc erken Avrupa i\u015flemlerinde 0,7805 civar\u0131nda neredeyse de\u011fi\u015fmeden i\u015flem g\u00f6rd\u00fc. Piyasalar, bu hafta ilerleyen g\u00fcnlerde a\u00e7\u0131klanacak kritik ABD enflasyon verisini ve ABD-\u00c7in g\u00f6r\u00fc\u015fmelerine ili\u015fkin haber ak\u0131\u015f\u0131n\u0131 bekliyor.<\/p>\n
South China Morning Post\u2019un haberine g\u00f6re ABD Hazine Bakan\u0131 Scott Bessent ile \u00c7in Ba\u015fbakan Yard\u0131mc\u0131s\u0131 He Lifeng, G\u00fcney Kore\u2019de ticaret ve ekonomi g\u00f6r\u00fc\u015fmeleri yapacak. G\u00f6r\u00fc\u015fme, ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n \u00c7in\u2019e yapaca\u011f\u0131 resmi ziyaret \u00f6ncesine denk geliyor.<\/p>\n
Trump ile \u00c7in Devlet Ba\u015fkan\u0131 \u015ei Cinping\u2019in Per\u015fembe ve Cuma g\u00fcnleri Pekin\u2019de zirve yapmas\u0131 bekleniyor. Trump, Sal\u0131 g\u00fcn\u00fc zirvede oda\u011f\u0131n ticaret olaca\u011f\u0131n\u0131 s\u00f6yledi ve \u0130ran sava\u015f\u0131na y\u00f6nelik ilgiyi geri planda tuttu.<\/p>\n
ABD \u00dcretici Fiyat Endeksi (PPI: \u00fcretici a\u015famas\u0131ndaki fiyat de\u011fi\u015fimini \u00f6l\u00e7en enflasyon g\u00f6stergesi) \u00c7ar\u015famba g\u00fcn\u00fc ilerleyen saatlerde a\u00e7\u0131klanacak. Man\u015fet PPI\u2019\u0131n Nisan\u2019da y\u0131ll\u0131k bazda %4,9 gelmesi, Mart\u2019taki %4,0 seviyesinden y\u00fckselmesi bekleniyor. \u00c7ekirdek PPI\u2019\u0131n (g\u0131da ve enerji gibi oynak kalemler hari\u00e7) ise %4,3\u2019e y\u00fckselmesi, \u00f6nceki %3,8 seviyesinin \u00fczerinde gelmesi \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n
\u0130svi\u00e7re\u2019de \u0130svi\u00e7re Merkez Bankas\u0131 (SNB), politika faizini %0\u2019da tuttu. Reuters anketine g\u00f6re ekonomistler, faizin 2026 sonuna kadar %0\u2019da kalaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor. Bu da SNB\u2019nin \u0130svi\u00e7re frang\u0131n\u0131n a\u015f\u0131r\u0131 de\u011fer kazanmas\u0131n\u0131 s\u0131n\u0131rlamak i\u00e7in a\u011f\u0131rl\u0131kl\u0131 olarak d\u00f6viz piyasas\u0131na m\u00fcdahaleye (merkez bankas\u0131n\u0131n piyasadan d\u00f6viz al\u0131p-satarak kuru etkilemesi) dayanaca\u011f\u0131 anlam\u0131na geliyor.<\/p>\n
Piyasan\u0131n \u00fcretici fiyatlar\u0131nda y\u0131ll\u0131k %4,9 art\u0131\u015f beklentisi \u00f6nemli; bu oran 2023\u2019te g\u00f6r\u00fclen enflasyon bask\u0131lar\u0131n\u0131 hat\u0131rlat\u0131yor. Verinin bu seviyede ya da \u00fczerinde gelmesi, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) yaz aylar\u0131nda faiz art\u0131rabilece\u011fi beklentisini tekrar g\u00fcndeme ta\u015f\u0131yabilir. Bu \u201cpolitika ayr\u0131\u015fmas\u0131\u201d (merkez bankalar\u0131n\u0131n farkl\u0131 faiz y\u00f6n\u00fcnde hareket etmesi), dolar\u0131n \u0130svi\u00e7re frang\u0131na kar\u015f\u0131 g\u00fc\u00e7l\u00fc kalmas\u0131n\u0131n temel nedenlerinden biri olarak g\u00f6r\u00fcl\u00fcyor.<\/p>\n
Di\u011fer tarafta SNB, s\u0131f\u0131r faiz politikas\u0131n\u0131 s\u00fcrd\u00fcr\u00fcyor. SNB\u2019nin ge\u00e7mi\u015fte frang\u0131 zay\u0131flatmak i\u00e7in piyasaya m\u00fcdahale etti\u011fi biliniyor; \u00f6zellikle 2020\u2019lerin ba\u015f\u0131nda ihracat\u00e7\u0131lar\u0131 korumak amac\u0131yla bunu s\u0131k\u00e7a yapt\u0131. Bu \u201cg\u00fcvercin\u201d duru\u015f (faiz art\u0131rmaya uzak, b\u00fcy\u00fcmeyi destekleyen yakla\u015f\u0131m) USD\/CHF i\u00e7in a\u015fa\u011f\u0131 y\u00f6n\u00fc s\u0131n\u0131rlayan bir unsur olarak de\u011ferlendiriliyor.<\/p>\n
Bu haftan\u0131n en b\u00fcy\u00fck belirsizli\u011fi ABD-\u00c7in zirvesi ve bunun yaratt\u0131\u011f\u0131 jeopolitik risk. Beklenmedik derecede olumsuz bir sonu\u00e7, \u201cg\u00fcvenli liman\u201d al\u0131m\u0131n\u0131 (risk artt\u0131\u011f\u0131nda yat\u0131r\u0131mc\u0131lar\u0131n daha g\u00fcvenli g\u00f6rd\u00fckleri varl\u0131klara y\u00f6nelmesi) tetikleyerek frang\u0131 g\u00fc\u00e7lendirebilir ve pariteyi a\u015fa\u011f\u0131 \u00e7ekebilir. Bu nedenle s\u0131n\u0131rl\u0131 riskli i\u015flemler (zarar\u0131n ba\u015ftan belli oldu\u011fu yap\u0131) daha temkinli g\u00f6r\u00fclebilir.<\/p>\n
Enflasyon verisinin g\u00fc\u00e7l\u00fc gelmesi ve ticaret g\u00f6r\u00fc\u015fmelerinin b\u00fcy\u00fck bir gerilim olmadan tamamlanmas\u0131 halinde, ilk y\u00fckseli\u015flerin \u00f6n\u00fcm\u00fczdeki haftalara yay\u0131lan bir hareketin ba\u015flang\u0131c\u0131 olabilece\u011fi d\u00fc\u015f\u00fcn\u00fcl\u00fcyor. Merkez bankas\u0131 politikalar\u0131ndaki net fark\u0131n dolar\u0131 desteklemeyi s\u00fcrd\u00fcrmesi beklenir. Parite, 2025 sonundan bu yana a\u015f\u0131lamayan 0,8000 seviyesini test edebilir; bu seviye piyasa psikolojisi a\u00e7\u0131s\u0131ndan \u00f6ne \u00e7\u0131kan \u00f6nemli bir e\u015fik olarak izleniyor.<\/p>\n","protected":false},"excerpt":{"rendered":"
USD\/CHF 0,7805\u2019te s\u0131k\u0131\u015ft\u0131: G\u00f6zler ABD PPI ve ABD-\u00c7in zirvesinde. G\u00fc\u00e7l\u00fc enflasyon Fed\u2019e \u015fahin fiyatlama getirip dolar\u0131 destekleyebilir; olumsuz zirve frang\u0131 g\u00fc\u00e7lendirebilir. 0,8000 hedef.<\/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-46574","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\/46574","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=46574"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46574\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}