The U.S. Dollar Index (DXY) has reached a two-year high, surpassing the 108 mark, which has raised concerns among investors regarding the implications for various markets, including gold and equities. As of December 19, 2024, the DXY was reported at 108.00, prompting discussions around the future direction of the dollar and potential interest rate adjustments by the Turkish Central Bank (TCMB). In the Turkish stock market, the BIST 100 index declined by 3.95%, closing at 9724 points, as the dollar strengthened and gold prices weakened. The dollar's rise has been attributed to favorable inflation readings, although subsequent tweets indicated fluctuations with the dollar briefly falling back under 108. The broader market sentiment reflects uncertainty as investors assess the impact of these currency movements on their portfolios.