How many Turkish Liras are in Dollar – Euro exchange rate? What was the most recent Dollar rate? The latest status of the exchange rates in the interbank market…

There is a slight increase in foreign exchange rates. The USD/TRY, which remained flat yesterday, closed the day just above the previous close at 36.3010. As of 09:25, the USD/TRY is trading at 36.4090, with a 0.3% increase from the previous close. At the same time, the EUR/TRY is showing a 0.1% decrease at 38.2040, and the GBP/TRY is at 46.1060 with a flat trend. The dollar index is at 106.5, showing a 0.1% increase. BESSENT: EVERYTHING WILL BE DEFLATIONARY

While the inflation-recession dilemma continues to exist globally, concerns regarding the effects of US President Donald Trump’s protectionist trade policies on the current economic outlook remained a major agenda item. On the other hand, US Treasury Secretary Scott Bessent claimed that everything done by the Trump administration will be “deflationary.” Bessent explained that they will reduce energy costs, decrease regulations, make tax cuts permanent, which will lead to income increase and cost reduction. He stated that if there is a price adjustment due to tariffs, it will be temporary, and this will not prevent the Federal Reserve from cutting interest rates for a long time. CAUTIOUS MESSAGES FROM FED MEMBERS

Chicago Fed President Austan Goolsbee emphasized the importance of not forgetting the significant progress made in lowering inflation from the highest level it reached in 40 years in 2022. Goolsbee mentioned that the level of uncertainty in the economy and the impact of the evolving tariffs policies of the Trump administration could be important. Atlanta Fed President Raphael Bostic expressed that his basic expectation for this year is a two-quarter point interest rate cut, but the uncertainty surrounding this is considered quite important. St. Louis Fed President Alberto Musalem noted that short-term inflation expectations in the market and some surveys showed a significant increase in the last 3 months, suggesting that if inflation remains above the current target or expectations rise, a more restrictive monetary policy stance may be appropriate. Analysts stated that today, the financial services confidence index domestically, the Purchasing Managers’ Index (PMI) for manufacturing and service sectors worldwide, the University of Michigan consumer confidence index, and existing home sales in the USA will be followed. They also highlighted that technically, the 106 level is seen as support and 107 points as resistance in the dollar index.