USDTRY

In this section, you will find important USDTRY news, actionable trading ideas, and a live USDTRY chart to help you understand how the Turkish Lira trades vs. the US Dollar.

USDTRY is the ticker symbol in FX markets that represents how many Turkish liras you can buy with one US dollar. The factors that affect USDTRY are the interest rates, the GDP growth, inflation, unemployment rates, balance of payments and other macroeconomic figures. The US Federal Reserve Bank and Central Bank of the Republic of Turkey are the two institutions that USDTRY traders follow in order to get an idea about the future moves of the pair. The new Turkish lira was introduced in 2005 following a massive devaluation of the previous lira value. USDTRY is a high volatility pair and price gaps happen very often as the Turkish economy is fragile.

Live USDTRY Chart


USDTRY News

 

USDTRY in Choppy Trade As Turkish Lira is Hit By Mixed Data

The USDTRY is presently in a choppy trade mode after mixed economic data emanated from Turkey this morning. Turkey’s retail sales figures rose by 0.3% in August. The figure was a vast improvement on the July figure, which had registered a disappointing 1.5% decline. However, the unemployment rate also rose [...]
USDTRY

USDTRY at Four Month Highs Amid War Operations in Syria

USDTRY adds 0.31% today at 5.9116 at five-month highs as the Turkish army operations in Syria continues. EU will discuss later today to impose sanctions on Turkey if they don’t stop the invesion in Syria. Meanwhile there are some reports that the Syrian army is on its way to support [...]
USDTRY Bearish Momentum Might Accelerate Below 5.67

USDTRY Bearish Momentum Might Accelerate Below 5.67

USDTRY gives up 0.30% today at 5.6461 at monthly lows as it continues the correction from fourth consecutive session. Turkey Foreign Arrivals figures came up to 17.17% for August from previous 16.7%. Last week OECD revised the forecast for Turkish economy to -0.3% this year. From - 2.9%. On the [...]
USDTRY

USDTRY Trapped Between 100 and 200-day MA

USDTRY gives up 0.23% today at 5.7219 after three consecutive gains.  Last week OECD revised the forecast for Turkish economy to -0.3% this year. From - 2.9%. On the other hand, it did not change the projection for 2020 and expected the Turkish economy to grow by 1.6%. Turkey's unemployment [...]
USDTRY Under Pressure Testing the 200-day MA turkish lira

USDTRY Under Pressure Testing the 200-day MA

USDTRY gives up 0.52% today at 5.6793 testing the 200-day moving average. Turkish Lira was under selling pressure last week after CBRT delivered a 325 bp interest rate cut to 16.50% more than markets expected. Markets were expecting 300 basis points interest rate cut from 19.75%. The bull run from [...]

Rising Unemployment in Turkey Pushes USDTRY Upwards

The USDTRY is up in Monday trading as Turkey’s unemployment rate climbed to 13% in June, up from the 10.2% that was recorded at the same time in 2018. The worsening unemployment figure came on the back of last week’s aggressive rate cut by the CBRT, the second such rate [...]