How many TL is the Dollar – Euro? What was the latest Dollar exchange rate? The latest situation in the currency exchange rates in the interbank market…The Dollar/TL is trading at 36.4630 level after starting the day with an incline. The Dollar/TL, which moved in a downward trend yesterday, ended the day at 36.4390 with a 0.1% decrease. As of 09:30, the Dollar/TL is trading at 36.4630 level with a 0.1% increase. At the same time, the Euro/TL is selling at 38.2690 with a 0.1% premium, and the Pound/TL at 46.3090 with a flat trend. The Dollar index is currently at 106.6 with a 0.2% decrease. TRADE WARS BEGIN As the US started imposing tariffs on Canada and Mexico and increased tariffs on China, the rising risk perception has affected asset prices while the response of these countries to the US has become a focus for investors. The US announced that a 25% tariff on goods imported from Canada and Mexico, and an additional 10% tariff on goods imported from China will be effective as of today. Additionally, US President Donald Trump, shared on his Truth Social account, saying, “To the great farmers of America: get ready to produce many agricultural products to be sold within the US. Tariffs will be applied to imported products on April 2nd.” reminding again that reciprocal tariffs will begin on April 2nd. Also, after the disagreement President Trump had with Ukrainian President Volodimir Zelenskiy in the Oval Office on Friday, it was reported that the US temporarily suspended military aid to Ukraine. FED EXPECTED TO CUT RATES Analysts pointed out that the recent developments feed concerns that the global trade war will intensify and that Trump’s tariffs could restrict the future steps of the not yet completed struggling inflation US Federal Reserve (Fed). Analysts noted that in pricing in the financial markets, it is expected the Fed will make its first interest rate cut in June and that the Bank is likely to reduce the policy rate by 25 basis points. Analysts also mentioned that today, the real effective exchange rates domestically and the foreign exchange assets and liabilities of firms outside the financial sector will be followed, while the unemployment rate in the Eurozone will be monitored internationally, highlighting that technically, the resistance in the dollar index is at 107 points, with the support at the 106 level.