How many Turkish Lira is the Dollar – Euro? What was the latest Dollar exchange rate? The current situation in the foreign exchange rates in the interbank market… The Dollar/TL started the day with an increase and is trading at 36.4630 level. Yesterday, the Dollar/TL showed a decreasing trend, ending the day at 36.4390 with a 0.1% decrease. As of 09:30, the Dollar/TL is trading at a 0.1% increase at 36.4630 level. At the same time, the Euro/TL is sold at 38.2690 with a 0.1% premium, and the British Pound/TL is traded flat at 46.3090. The Dollar index is currently at 106.6 level with a 0.2% decrease. TRADE WARS BEGIN As the US starts imposing tariffs on Canada and Mexico, and increases the tariff on China, the rising risk perception affects asset prices and the focus of investors moves to the responses of these countries to the US. The US announced that as of today, a 25% tariff will be applied to goods imported from Canada and Mexico, and an additional 10% tariff will be imposed on goods imported from China. In addition to these developments, US President Donald Trump, sharing from his Truth Social account, stated, “US farmers, get ready to produce many agricultural products to be sold in the US. Tariffs will be imposed on products coming from abroad on April 2nd.” He reiterated that reciprocal tariffs will start on April 2nd. Additionally, it was reported that after the argument with Ukrainian President Volodymyr Zelensky in the Oval Office last Friday, Trump temporarily suspended the military aid to Ukraine. FED EXPECTED TO CUT RATES Analysts pointed out that these developments fuel concerns about deepening global trade wars and restrict the future steps that the US Federal Reserve (Fed), which has not yet completed its fight against inflation, may take due to the tariffs imposed by Trump. Analysts noted that the pricing in the financial markets indicated that the Fed may go for its first interest rate cut of the year in June, lowering the policy rate by 25 basis points. They mentioned that today, the real effective exchange rate domestically and the foreign exchange assets and liabilities of companies outside the financial sector will be monitored, while the unemployment rate in the Eurozone will be followed abroad. From a technical perspective, they highlighted 107 points as the resistance and 106 level as the support in the Dollar index.