European Open: Turkey could be headed for a runoff election
The Turkish lira sank to a fresh record low against the US dollar as President Erdogan remained in the lead, although has yet to enjoy an outright majority.
Articles tagged with "erdogan"
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Asian Open: Erdogan – hold my lira and watch this
It was another day of epic volatility for the Turkish Lira. Only this time it went up in value, causing USD/TRY to fall around 17%.
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).
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.
The ‘Central Bank of Erdogan’ Sharpens its Rate-Cut Knife
Turkey’s central bank announce their rate decision at 11:00 today. And, if prior meetings are anything to go by, we suspect it will be another lively one.
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?
Asian Open: Powell Says its Time to Taper, but Not Raise Rates
Leaving little room for misinterpretation on Friday, Fed Chair Jerome Powell clearly stated that tapering is imminent yet poured cold water on any rate hike occurring soon.
Asian Open: Central Bank of Erdogan (CBOE) pulls no punches
USD/TRY won currency of the day to hit new highs after ‘impartial’ President Erdogan’s hand-picked central bankers cut rates by 200 bps despite raging inflation.
European Open: Sentiment Sours Ahead of the Open, Turkish Rate Decision Up Next
News that Fitch ratings agency placed 29 Chinese property developers under closer scrutiny seemed to see a sudden inflow into the yen, knocking many crosses from their (overextended) highs.
European Open: Sentiment Sours Ahead of the Open, Turkish Rate Decision Up Next
News that Fitch ratings agency placed 29 Chinese property developers under closer scrutiny seemed to see a sudden inflow into the yen, knocking many crosses from their (overextended) highs.
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
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