Dollar hits all-time high at 9.98

After the USA inflation data released on Wednesday, the markets accelerated. In October, inflation in the USA increased by 0.9 percent to 6.2 percent on an annual basis. This figure was the highest inflation data for the last 31 years, namely 1990. After this development, the rising dollar and gold started to break a new record every day.

The dollar, which broke a record with 9.97, carried its rise to the new day and reached an all-time high with 9.98. Gram gold broke the record with 597 liras yesterday. In the same minutes, the euro finds buyers at 11.37 and the pound at 13.29. Quarter gold is sold at 971 liras, republican gold at 3,957 liras.

Analysts noted that increasing inflation pressures in the US may force the US Federal Reserve (Fed) to raise interest rates earlier than expected, increasing global dollar demand. Analysts reported that the results of the University of Michigan Consumer Confidence Index data, which will be announced in the USA today, on short-term inflation expectations may increase the volatility in asset prices.