How many Turkish Lira for Dollar and Euro? What was the latest exchange rate for the Dollar? The current situation in the interbank foreign exchange rates…There is a horizontal movement in the foreign exchange rates today as well. The Dollar/TRY started the day around 34.29, while the Euro/TRY traded at 37.13 level. After one and a half-day official holiday, today trading activities will resume full day. In the internal agenda, the economic confidence index for October and the banking sector data for September will be followed today. Also, the discussions of the 2025 budget in the Turkish Grand National Assembly’s Planning and Budget Commission will take place today.
ANNOUNCEMENT ON GROWTH BY ŞİMŞEK
Minister of Treasury and Finance Mehmet Şimşek held bilateral talks in Saudi Arabia after his return from the US. Şimşek stated that Turkey does not face growth problems while combating inflation, saying “The worst is behind us, inflation is decreasing, and it will continue to decrease thanks to tight fiscal and monetary policies.”
GLOBAL MARKETS
In the global markets, pricing related to geopolitical developments and the pace of interest rate cuts in the US are prominent. Despite China’s government efforts to support economic growth, Asian stock markets fell due to the impact of the decline in equities, while the Dollar remained flat near a three-month high. Investors will monitor the contentious US presidential elections that could have serious consequences for the world’s second-largest economy, China, and the employment data that will shape expectations for interest rate cuts in the US.