25.07.2025 11:42
As of 09:20 today, the USD/TRY is trading at 40.5550, which is 0.3% below the previous closing. At the same time, the EUR/TRY is down 0.2% at 47.6890, and the GBP/TRY is down 0.1% at 54.7560.
How much are the Dollar and Euro today? After the Central Bank of the Republic of Turkey's (TCMB) interest rate decision in July, the direction of the exchange rate is being questioned.
Concerns about the increasing problems between U.S. President Donald Trump and Federal Reserve (Fed) Chairman Jerome Powell are affecting the direction of asset prices. During his visit to the Fed yesterday, President Trump told Powell that the cost of renovation work was higher, and in response to a journalist's question about whether there was anything Powell could do, he replied, "I would love for him to lower interest rates."
Analysts stated that concerns about increasing political pressure on the Fed continue. They noted that Trump's visit to the Fed and his subsequent statements about Powell have raised fears that the tension between the U.S. President and the Fed Chairman could turn into a conflict, which has put pressure on the dollar.
CURRENT DOLLAR AND EURO PRICES ON JULY 25
As of the morning hours of July 25, 2025, the Dollar is trading at 40.555. The change rate is -0.35%. The Euro is trading at 47.69 TL, with a change rate of -0.29%. The British Pound is trading at 54.74 TL.