How many Turkish Lira is the Dollar – Euro? What was the latest Dollar exchange rate? The current situation in the currency exchange rates in the interbank market.
The Dollar/TL started the day with a flat trend and is trading at 34.26 level. The Euro/TL is sold at 37.38, while the Pound/TL is at 44.7130 with a 0.2% loss. The Dollar index is currently at 103.3 level with a 0.1% increase. In the global markets, there is a positive trend due to the strong expectations that the US economy may have a “soft landing”. The pricing for a 25 basis point reduction in the policy interest rate by the Fed next month continues to be strong, and it is anticipated that a total of 50 basis point reduction will be made in two meetings by the end of the year with an 80% probability. Analysts mentioned that today the budget balance in the domestic market, Zew economic sentiment index in Germany and Eurozone, industrial production, and Zew economic sentiment index, as well as New York Fed manufacturing index in the US will be monitored. From a technical standpoint, they reported that 103.5 level is the resistance and 102.5 level is the support in the Dollar index.