USD / TRY rises to new all-time highs around the 8.53 level. All attention is on the US presidential elections. Turkey’s CPI rose 2.13% month-on-month and 11.89% year-on-year. The Turkish lira remains in free fall and raises the USD/TRY to new all-time highs near 8.53 on Tuesday. USD / TRY looks at US elections USD […]
Tag: USDTRY
USD / TRY pushes higher and nears 8.45, focus is on US elections
USD / TRY navigates new all-time highs near 8.45. Geopolitical and CBRT concerns continue to weigh on the lira. The focus is on Tuesday’s US presidential election. The Turkish lira depreciates to new record lows against the US dollar and rises to USD/TRY around 8.45 at the beginning of the week. USD / TRY looks […]
USD / TRY firm, approaching 8.40 level
USD / TRY is moving higher and is trading near 8.40. A 7.1 magnitude earthquake struck Turkey’s Izmir province and parts of Greece. The lira depreciated to another record low against the dollar on Friday. Another day, another fall in the Turkish currency. In fact, another daily collapse of the lira sends the USD/TRY to […]
USD / TRY hits another all-time high and looks at 8.40
USD / TRY extends the march north to levels beyond 8.32. Pandemic fears, geopolitics, monetary policy, all against the TRY. The bullish momentum of the dollar is also reinforcing the bullish movement. He USD/TRY it hits another all-time high on Thursday, this time at levels just below 8.33. USD / TRY weaker due to geopolitics, […]
USD / TRY retraces from all-time highs above 8.30
USD / TRY remains well offered above 8.00. Geopolitical and monetary concerns continue to weigh on the lira. Turkey’s economic confidence improved to 92.80 in October. The fall of the lira remains unstoppable for another session and pushes the USD/TRY to new all-time highs above 8.30 on Wednesday. USD / TRY looks at geopolitics USD […]
USD / TRY hits new all-time highs around 8.20
USD / TRY rises and spikes around 8.20. TRY weakens due to geopolitical concerns, balance of payments crisis. A Turkish court sentences an American worker to 5 years in prison. The selling pressure around the Turkish lira increases minute by minute and raises the USD/TRY to new all-time highs around 8.20 on Tuesday. USD / […]
USD / TRY hits new all-time highs near 8.10
The Turkish lira is down widely against the dollar. Geopolitical nerves continue to put additional pressure on Ankara. Widespread disappointment over the recent CBRT decision weighs heavily on TRY. The Turkish lira falls to new lows against the dollar and pushes the USD/TRY to new all-time highs near 8.10 at the beginning of the week. […]
USD / TRY jumps to all-time highs near 8.00 after CBRT decision
USD / TRY is up almost 2% and records all-time highs above 7.97. The central bank of Turkey (CBRT) kept interest rates unchanged. The Turkish lira tumbled after Turkey’s central bank kept the interest rate unchanged, which led USD / TRY to rise from 7,800 to 7,978, marking a new record high. The The Turkish […]
