For the first time in over two years, the Euro has experienced a significant surge, surpassing 40 TL in today’s exchange rate. The increase in European spending and weakening of the U.S. economy have diminished expectations that the dollar could reach 1 euro, leading analysts to revise their forecasts.
Analysts Adjust Euro Forecasts Amid Rising Trends
As market dynamics shift, Deutsche Bank has adopted a more optimistic stance on the euro, while Rabobank and MUFG have also raised their predictions. Additionally, Nomura has recommended buying the euro against the pound, indicating confidence in the currency’s strengthening position.
Euro Hits 40 TL for the First Time in History
At 16:35 today, the euro reached an all-time high of 40.001 TL, marking a historic milestone in currency exchange rates.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök
