How many Turkish Liras is the Dollar – Euro? What was the latest Dollar exchange rate? The current situation in the interbank foreign exchange rates.

Foreign exchange rates continue to move sideways.

The Dollar/TL is trading at 34.26 levels after starting the day flat. The Euro/TL is at 36.98 with a sideways trend, while the Pound/TL is being sold at 44.4430 with a 0.2% decrease. The Dollar index is currently at 104.2 levels with a 0.1% increase. In the global markets, amidst the ongoing earnings season in the US with company profits mostly exceeding expectations, investors are cautious, leading to mixed market movements. Uncertainties persist regarding whether the fight against inflation in the US will result in a recession, while better-than-expected corporate profits and recent macroeconomic data fuel optimism in the country’s economic activity. Analysts noted uncertainties about the rate of interest rate cuts by the US Federal Reserve (Fed), stating that a healthy labor market and economic activity could facilitate the Fed’s fight against inflation. The International Monetary Fund (IMF) published the October issue of the World Economic Outlook Report, projecting stable but weak global economic growth, with growth forecasts of 3.2% for this year and the next. The IMF reduced its growth forecast for Turkey for 2024 from 3.6% to 3%, while keeping the 2025 expectation for the country steady at 2.7%. News flow from the annual meetings of the IMF and the World Bank in Washington DC is closely monitored by investors. Analysts highlighted that mortgage applications in the US, existing home sales, the Fed’s beige book report, consumer confidence index in the Eurozone, and statements from European Central Bank (ECB) President Christine Lagarde will be followed closely. From a technical perspective, analysts reported that 103.5 level is the support and 105 level is the resistance in the dollar index.