CBRT

USDTRY Turkish lira

USDTRY: 7.26 Beckons As Pair Sells Off Following CBRT Decision

The Turkish Lira gained strength for the 3rd straight session after the Central Bank of the Republic of Turkey (CBRT) left the interest rates unchanged at 17.00%. Further adding to the weakness of the USDTRY was the prevailing bearish sentiment on the greenback, as inflows pour into emerging market currencies […]

USDTRY

USDTRY: CBRT Governor Murat Uysal Sacked…

News flash: Turkey’s President, Recep Erdogan has reportedly fired Central Bank of Republic Governor Murat Uysal, barely 15 months into his tenure. News sources such as IG Squawk are quoting an official gazette as the source of the news report. This could have major implications of the Turkish Lira, which […]

USDTRY Retests All-Time Highs As CBRT Holds Interest Rates

The Central Bank of the Republic of Turkey (CBRT) stood pat in today’s interest rate decision, leaving interest rates unchanged at 10.25% and sending the USDTRY to test all-time highs above 7.97. This decision followed last month’s rate increase, the impact of which has since faded and given way to geopolitical […]

USDTRY

USDTRY Set to Clear 8.0000 Mark As Geopolitical Risks Escalate

Turkey’s involvement in the escalating Azerbaijan-Armenian conflict weighs heavily on the Lira, as the Turkish currency looks set to clock the 8.000 mark after it fell further against the greenback on Thursday.  Despite the rate hike of two weeks ago by the Central Bank of the Republic of Turkey (CBRT), […]