Concerns about a slowdown in the US economy weakened the dollar. The Euro/dollar parity reached a four-month high at 1.09. Euro/TL, on the other hand, hit a record high at 39.87. While fears of a slowdown in the US economy had an impact on global markets, the dollar’s loss of strength accelerated. Concerns that the US economy might slow down due to customs duties shook stocks and the dollar. Losses in the US stock market exceeded 4%, and the dollar index approached the 103 level. The index continued to trade at its lowest level since November 2024. The Euro/dollar parity reached the level of 1.09, testing the highest level in four months. Developments in global markets also influenced the domestic market. The Dollar/TL traded at a historical high of 36.58 today. Euro/TL, on the other hand, hit a record at 39.87. The Turkish Lira has depreciated by over 3% against the dollar since the beginning of the year. TRUMP FUELS RECESSION FEARS Statements made by US President Trump over the weekend, along with tariffs and increasing tension in trade, fueled concerns about triggering economic slowdown. Trump did not overlook the possibility that tariffs could lead the country’s economy to enter a recession or increase inflation this year. Trump, who said he hates making predictions about such matters, said, “There is a transition period right now because what we are doing is huge. We are bringing wealth back to America.” As for whether tariffs would fuel inflation, Trump emphasized that they could impact inflation but also noted that interest rates have been falling.