USD/TRY

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

  • Newest
  • Popular
Board of currencies

CBRT cuts rates despite soaring inflation, weak Lira

After last weeks surprise rate cut by the CBRT, USD/TRY moved to its highest level since December 20th, 2021.

default avatar
August 22, 2022 03:46 PM
Board of currencies

EM FX: Turmoil in emerging currencies pose big risk to markets

It is worth watching EM currencies closely here as there is a risk we could see further, sharp, selling, which, in turn, could provide a fresh source of threat to the global financial markets.

Currency prices

Lira slumps further as crude oil nears $122

Lira slumps further as crude oil nears $122

Why trade with FOREX.com?

Tight spreads on FX – as low as 0.2 for EUR/USD (with fixed $5 commissions per 100K).

Award-winning platforms with fast and reliable execution.

Course thumbnail of FOREX.com course:  What are commodities by FOREX.com
Bank notes of different currencies

European Open: Lira today, ErdoGONE tomorrow

The Turkish Lira hit fresh new lows overnight as President Erdogan fired his Finance Minister (for opposing rate cuts, along with everyone else).

Close-up of market chart

European Open: RBNZ hike, FTSE holds support, Lira in freefall

Technically we suspect the FTSE has seen an important low around 7200 (but we cannot say the same for the flailing Lira). Up later is US GDP and revised consumer sentiment.

Graph showing a slow uptrend

USD/TRY explodes through 10. Will it reach 11?

Could this move above 10 just be a “buy the rumor, sell the fact” heading into the central bank meeting?

default avatar
November 16, 2021 04:17 PM
Market chart showing uptrend

Turkey’s inflation data may embolden Erdogan

The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st!

default avatar
November 3, 2021 11:32 AM
Market chart showing uptrend

USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

default avatar
October 18, 2021 01:23 PM
Bank notes of different currencies

USD/TRY at all-time highs

If Turkey continues to threaten retaliation against the Kurdish YPG militants or if there is a continued threat that the CBRT will cut rates once again, USD/TRY may continue to put in all-time new highs

USD/TRY: Turkish lira drops as CBRT removes pledge to tighten policy

The Turkish lira has just dropped +1% on the back of the latest announcement by the Turkish Central Bank.

default avatar
April 25, 2019 03:31 AM
Market trading data

USD/TRY: One to watch

The Turkish lira hit a new 2019 low earlier today, causing the USD/TRY to break above its recent highs...

default avatar
April 18, 2019 06:44 AM

Markets recap: Lira, EM currencies calmer; UK wages disappoint and EZ GDP beats

The markets were a little calmer in the first half of today’s session as the Turkish lira finally stopped falling, while the pound staged a short-lived bounce in the aftermath of mixed-bag UK data.

default avatar
August 14, 2018 04:04 AM

Week ahead: EM currency crisis and key UK data

Another week has flown by and what a disastrous one it has been for the likes of the Turkish lira and to a lesser degree the British pound, but once again it has been a good for the US dollar.

TRY as It Might, Turkey Can’t Stop Its Currency from Melting Down

The economic situation in Turkey has been a powder keg for months, and it’s finally found a spark.

default avatar
August 10, 2018 05:52 AM

EM Rundown: Could USDTRY bulls quit cold turkey?

Central banks will be traders’ central focus in the G10 this week, with monetary policy “decisions” out of the Federal Reserve, Reserve Bank of New Zealand and Bank of Japan, but there will also be some potentially important central bank meetings in the emerging world as well. While not too many readers are trading the currencies of Hungary, Nigeria, Ukraine or Israel (each of which features a central bank meeting this week), there will be central bank updates from more widely-followed nations like Russia, South Africa, and Turkey.

Open an account in minutes

Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.

Trading view chart close-up