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. […]
Tag: USDTRY
USD/TRY prepares to take the 18.00 level… again
USD/TRY adds to Monday’s gains near the 18.00 mark. The lira is down more than 25% so far this year. Türkiye’s unemployment rate will be next on the agenda. the turkish lira depreciates for the second consecutive session and encourages the USD/TRY to flirt with the key barrier of 18.00 on Tuesday. USD/TRY remains centered […]
USD/TRY extends swing trade, remains below 18.00 area
USD/TRY posts decent gains just below 18.00. The pair is expected to remain cautious ahead of the US NFPs. The CBRT expects inflation to reach 90% before relaxing. Turkish lira trims Wednesday gains and resumes downtrend, pushing up the USD/TRY down to the 17.97 level on Thursday. USD/TRY remains capped by the 18.00 zone USD/TRY […]
USD/TRY: Breaking above the 18.00 level remains a distinct possibility
USD/TRY makes new 2022 highs just below 18.00. Türkiye inflation extended the rise in July to 79.60% annual. Producer prices were also on the strong side in July. the turkish lira extends the weekly depreciation against the USD and raises the USD/TRY to new all-time highs around 17.97 on Wednesday. USD/TRY rises on July’s high […]
USD/TRY is at a new yearly high near 18.00
USD/TRY resumes gains and approaches 18.00. Renewed buying interest in the dollar lifts the pair. Investors’ attention shifts to the July CPI release on Wednesday. the turkish lira resumes its depreciation and raises the USD/TRY to new 2022 highs, approaching the 6:00 p.m. barrier on Tuesday. USD/TRY is now pending the results of the IPC […]
USD/TRY flirts with 2022 highs just below 18.00
USD/TRY gains more traction and approaches 18.00. Türkiye’s manufacturing PMI stood at 46.90 in July. The next thing to highlight on the calendar will be the inflation figures. the turkish lira starts the week off on the wrong foot and motivates the USD/TRY to resume the rises and trades around 18.00 on Monday. USD/TRY taking […]
USD/TRY Hits a New 2022 High Near 18.00… Over and Over
USD/TRY is trading near 18.00. The lira depreciates to levels last seen in December 2021. Türkiye’s trade deficit narrowed to 8.17B TL in June. Additional selling pressure around the Turkish lira encourages the USD/TRY to approach 18.00 on Friday, registering at the same time new highs of the cycle. USD/TRY is now focused on inflation […]
USD/TRY rises to fresh 2022 highs near 18.00
The USD/TRY pair continues to gain ground on the upside and is approaching 18.00. The pair is trading at levels last seen in December 2021. The FOMC is expected to raise rates by 75 basis points later on Wednesday. the turkish lira stays defensive and makes the USD/TRY hit new all-time highs around 18.00 on […]
USD/TRY extends the uptrend and makes new 2022 highs, breaks above the 17.80 level
USD/TRY starts the week in the positive and is approaching 18.00. Lack of investor confidence and rampant inflation are weighing on the lira. Türkiye’s capacity utilization improved to 78.2% in July. Selling pressure continues to hurt the Turkish lira and raises the USD/TRY to new 2022 highs around 17/85, an area last visited in December […]
Türkiye: CBTR keeps interest rate at 14% in July
On Thursday, the Central Bank of the Republic of Turkey (CBTR) kept its benchmark interest rate, the one-week repo rate, unchanged at 14.00%, as expected. Main statements of the CBTR, via Reuters “Despite the loss of momentum, credit growth and the distribution of funds for real economic activity are closely watched.” “We will resolutely continue […]