How many Turkish Lira is the dollar to euro? What was the latest dollar exchange rate? Current situation in currency exchange rates on the interbank market…Currency exchange rates started the day with a slight increase. The Dollar/TRY was priced around 34.29 today. The Euro/TRY also traded at the level of 37.49. Today in the domestic agenda, the market participants survey by the Central Bank of the Republic of Turkey (CBRT) and the August payment balance data will be monitored ahead of next week’s interest rate decision. The overnight interest rate, showing whether the effect of the Central Bank’s tightening has fully reflected in the market, ended yesterday in the levels of around 49.6% after staying only one day at the policy rate level. EXPECTATIONS FOR INTEREST RATE CUTS POSTPONED. The expected date for the first interest rate cut by the Central Bank of the Republic of Turkey was shifted from November to December and beyond. The postponement started with the September inflation data exceeding expectations and became more apparent with the statement of CBRT Governor Fatih Karahan that there is still some distance to be covered in the main criteria the bank follows. GLOBAL MARKETS. The consumer inflation data for September announced in the US yesterday showed that core consumer prices increased more than expected with a monthly increase of 0.3%. The data indicated a halt in the fight against inflation by the US Federal Reserve (Fed). On the other hand, the US jobless claims data announced yesterday also supported the expectations of Fed cutting interest rates again in November. The number of first-time applicants for unemployment benefits increased by 33,000 to 258,000 in the week ending October 5, marking the highest level of the year. Analysts noted that the increase in unemployment benefit claims was partially influenced by Hurricane Helene and labor strikes. Expectations for the Fed to cut interest rates by 50 basis points in November decreased. Markets priced in a 25 basis point interest rate cut with an 88% probability.