USD/TRY reverses Friday’s losses and retests 14.90. Risk sentiment continues to weigh on the dollar. The CBRT is expected to leave rates unchanged this week. The TRY trims early gains and now pushes the USD/TRY in the vicinity about 15.00 on Monday. USD/TRY: Upside capped by 15.00 The USD/TRY leaves Friday’s inconclusive price action behind […]
Tag: USDTRY
USD/TRY pulls back from 2022 highs around 15.00
USD/TRY retraces previous rally to 15.00 zone. The focus of the markets continues to be on Ukraine. Turkey’s year-end CPI forecast is now at 40.47%. After the new highs of 2022 around 15.00, the USD/TRY lost some bullish momentum and dropped to the current 14.70 region by the end of the week. USD/TRY eyes geopolitics, […]
USD/TRY looks offered and flirts with 2022 highs near 14.6000
USD/TRY is approaching the yearly high near 14.60. Geopolitical tensions continue to weigh on the lira. the turkish lira loses ground for yet another session and encourages the USD/TRY to flirt with 2022 highs around 14.60 on Tuesday. USD/TRY: Focus remains on Ukraine USD/TRY advances for the 7th session in a row and keeps the […]
USD/TRY climbs to multi-day highs near 14.3000
USD/TRY advances further and reaches new monthly highs. USD strength, geopolitics and inflation continue to weigh on the lira. US non-farm payrolls surprised to the upside. The Turkish lira remains under pressure and is now raising the USD/TRY to new monthly highs around 2:30 pm at the end of the week. USD/TRY watch Russia-Ukraine USD/TRY […]
USD/TRY flirts with yearly highs near 13.90
USD/TRY rises and approaches the 13.90 area. The lira remains on the defensive despite the risk-on mood. Turkey’s 10-year bond yields rise to 2-week highs above 21%. The Turkish currency depreciates further and now sends the USD/TRY back near the 13.90 level on Wednesday. USD/TRY rises due to geopolitical risks USD/TRY is approaching the yearly […]
USD/TRY surges to multi-week highs near 14.0000
USD/TRY adds to weekly bounce near 14.0000. The pair advances despite the offered bias in the dollar. The focus of the markets remains on the Russia-Ukraine conflict. The TRY depreciates even more and motivates the USD/TRY hit fresh 6-week highs around 13.9000 on Tuesday. USD/TRY now targets 14.0000 USD/TRY advanced for the third session in […]
USD/TRY looks offered and approaches 13.70
USD/TRY accelerates and trades near 13.70. Investors’ attention remains on the geopolitical scene. Turkey’s central government debt stock rose to TRY 2,844.4 trillion. The Turkish lira adds to Friday’s losses and lifts the USD/TRY to the upper end of the recent range near 13.70 on Monday. USD/TRY Analyzes Risk Trends USD/TRY flirts with recent highs […]
Price action remains sideways around 13.60
USD/TRY further extends its consolidation theme near 13.60. Turkey’s 10-year bond yields fall further and approach 21%. Turkey’s next unemployment rate will be available on Thursday. The USD/TRY trades in a tight range around the usual 13.50/60 zone on Wednesday. USD/TRY stays within the range, watch the CBRT USD/TRY remains sideways around the familiar 13.50/60 […]
USD/TRY hits multi-day highs near 13.70
USD/TRY extends the rise to the 13.70 zone. News cited a positive meeting between finmin Nebati and investors. Turkey’s 10-year bond yields hover around 21.50%. The Turkish lira depreciates even more and pushes the USD/TRY to fresh multi-session highs near 13.70 on Tuesday. USD/TRY remains consolidated in the same place USD/TRY challenges the upper end […]
USD/TRY remains in its consolidation range around 13.60
USD/TRY remains trading within a wide range. Turkey’s 10-year bond yields fall to multi-day lows near 21%. The year-end CPI forecast and the unemployment rate is next on the economic calendar. The Turkish lira depreciates at the beginning of the week and raises the USD/TRY to the area of ​​13.60. USD/TRY largely remains in a […]
