How many Turkish Liras are the dollar and euro? What was the most recent dollar rate? The current situation in foreign exchange rates in the interbank market…
Exchange rates started the day with a horizontal trend. The Dollar/TL was priced around 34.25 in initial transactions. Euro/TL also traded at 37.59 level. Today, while industrial production, unemployment, and weekly data stood out, US inflation will also be closely monitored. Bankers expect that the Central Bank’s net reserves, excluding swaps, increased slightly above $1.5 billion last week, while total reserves decreased by $1 billion. Meanwhile, Finance and Treasury Minister Mehmet Şimşek will visit Kuwait today following his meetings in Qatar yesterday. The impact of the Central Bank’s tightening policy on the market was reflected below the overnight policy rate. The overnight interest rate remained below the policy rate for just one day, closing at around 49.8% yesterday. Liquidity surplus decreased from around 400 billion TL to 330 billion TL during the same period. GLOBAL MARKETS

Investors will be monitoring the US consumer inflation data to gain more clues about potential interest rate cuts today. Economists predict that core inflation will remain stable at 3.2% year-on-year. Expectations for a 50-basis point interest rate cut by the Fed in November have diminished. Markets have priced in a 25 basis point interest rate cut with an 82% probability.