How many Turkish Liras is the Dollar – Euro? What was the latest Dollar exchange rate? The current situation in exchange rates on the interbank market…Exchange rates started the day trading flat. The Dollar/TL was priced around 34.27 in the initial transactions. The Euro/TL also traded at 37.62 levels. The overnight policy rate, which indicates whether the impact of the Central Bank’s tightening has fully reflected in the market, continued to stay below the interest rate. Rediscount credit limits have been increased again. The Central Bank raised the daily limits for export and foreign exchange generating service rediscount credits from 3 billion liras to 4 billion liras. The CBRT is also transitioning to a new model that highlights value-added exports instead of net exports condition. GLOBAL MARKETS Investors in global markets focused on the meeting minutes to be published today regarding the path the Federal Reserve (Fed) will take on interest rates. Fed officials expressed that interest rates could be cut in a way that prevents the anticipated slowdown in the economy from negatively affecting employment. Expectations for a 50 basis point interest rate cut by Fed in November decreased. Markets priced in a 25 basis point interest rate cut with an 88 percent probability.