USD/TRY fades from Friday’s pullback and climbs above 18.22. Turkey’s inflation rate stood at 80.21% y/y in August. Producer prices from Turkey increased by 143.75% yoy over the past month. The Turkish lira resumes its usual depreciation against the dollar and makes the USD/TRY break above the 18.22 level again on Monday. USD/TRY continues to […]
Tag: Turkiye
USD/TRY remains offered and close to the all-time high around 18.25
USD/TRY is under pressure after flirting with 18.25. The downward trend of the Turkish currency continues. Monday’s CPI will be published below. The Turkish lira has hit record lows against the dollar after the USD/TRY briefly exceed 18.25 in Friday’s session. USD/TRY could continue to rise and retest 20.00…soon USD/TRY maintains buying interest for the […]
USD/TRY rises and approaches 18.20
USD/TRY extends gradual march north to 18.20 area. The better tone of the dollar lifts the pair to new all-time highs. Turkey’s GDP grew by 7.6% year-on-year during the second quarter. The improvement of the US dollar keeps the USD/TRY near 2022 highs at levels near 18.20 on Wednesday. USD/TRY continues to target the all-time […]
USD/TRY is gradually approaching all-time highs around 18.25
USD/TRY maintains the uptrend near 18.20. Türkiye’s economic confidence improved further in August. Türkiye’s trade deficit increased to close to TL 11 billion in July. The Turkish lira remains lower and helps the USD/TRY to advance to the limits of 18.20, or new highs of 2022, on Monday. USD/TRY continues to target all-time highs USD/TRY […]
USD/TRY remains offered and marks new 2022 highs near 18.15
USD/TRY extends the advance above 18.00 on Tuesday. The rally in the US dollar sustains the rise in the pair. Turkey’s consumer confidence improved to 72.2 in August. The persistent bullish momentum of the USD lifts the USD/TRY to the 2022 high zone, breaking the 18.00 barrier on Tuesday. USD/TRY Rises on Dollar Buying, Heading […]
USD/TRY jumps to new 2022 highs above 18.00 after CBRT cut rates
USD/TRY hits a new all-time high beyond 18.00. The pair is now heading for the all-time high of 18.25 (December 20, 2021). The Turkish central bank cut the official interest rate by 100 basis points. The Turkish lira weakens to new lows against the dollar and makes the USD/TRY break above the 18.00 level for […]
USD/TRY: Test of 18.00 remains elusive so far
USD/TRY adds to Monday’s gains near the 18.00 mark. The current consolidation is still capped at 18.00. The CBRT is expected to maintain the current status quo. The lira depreciates even more and motivates the USD/TRY to once again challenge the upper end of the current range just below the 18.00 stick on Tuesday. USD/TRY […]
USD/TRY 18.00 level remains the big magnet for bulls
USD/TRY adds to recent gains near the 18.00 barrier. Turkey’s industrial production grew by 8.5% year-on-year in June. The CBRT sees inflation around 70% by the end of the year. the turkish lira remains on the defensive in the second half of the week and raises the USD/TRY until about 18.00 on Friday. USD/TRY rises […]
USD/TRY remains limited in a range just below 18.00
USD/TRY remains sideways trading below 18.00. Turkey’s current account deficit stood at $3.46 billion in June. US producer prices contracted 0.5% mom in July. The USD/TRY reverses two consecutive daily pullbacks and retakes gains near 17.96 on Thursday. USD/TRY remains just below 18.00 The bulls continue to push but so far there seems to be […]
USD/TRY remains trapped inside the range near 18.00
USD/TRY keeps trading erratic just below 18.00. Turkey’s unemployment rate fell to 10.3% in June. The US CPI is the next thing to watch on the agenda. The Turkish lira loses some ground and motivates the USD/TRY to resume increases on Wednesday, always in the midst of the consolidated theme that prevails in several sessions. […]