CBRT

USDTRY

CBRT Decision Preview: Will the USDTRY Hit New Record Highs?

On Thursday, August 20, the Central Bank of the Republic of Turkey (CBRT) will release the latest consignment of data marking its key interest rates. The one-week repo rate is our focus here. Analysts are expecting that the CBRT has ended its easing cycle by maintaining the 1-week repo rate […]

USDTRY

Is There a Carry Trade Opportunity in the USDTRY Pair?

The Central Bank of the Republic of Turkey (CBRT) kept its repo rate unchanged at 8.25%, marking what looks like the end of its 1-year rate cutting cycle. The bank cited an increased prevalence of “demand-driven disinflationary effects in the second half of the year” as the main reason for […]

USDTRY

USDTRY Hits 2-Week Highs On Downbeat Turkish GDP Data

The USDTRY has hit 2-week highs after data made available to the markets showed that the Turkish economy grew less than expected in the first quarter of 2020. Turkey’s GDP came in at 4.5% on an annualized basis, which was less than the forecast of 5.4%. The figure was also [...]
USDTRY

USDTRY Off All-Time Highs As Turkey Relaxes Lockdown Rules

The USDTRY has retreated from the all-time highs of last week at 7.2682 as the government of Turkey prepares to relax its lockdown rules.  Under the relaxed regime, there will be a rotational system which will see various age groups being allowed outside at various times. As children under 14 [...]