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 Turkish lira

USD/TRY Surges As CBRT Leaves Rates Unchanged

The Central Bank of the Republic of Turkey (CBRT) has elected to keep the interest rate in Turkey unchanged at 19.00%, matching market expectations. The bank’s rate statement reiterated that the current tight monetary stance would stay until it achieved a significant drop in the inflation rate trajectory that was […]

USDTRY Turkish lira

USD/TRY: After Hitting a New Record High, Where to Next?

USD/TRY has eased after Turkey’s President Erdogan made remarks that pushed the pair to its all-time high on Tuesday. Late on Tuesday, the Turkish leader hinted at interest rates cuts in the coming summer months despite the high inflation. Interestingly, the president fired central bank’s governor Naci Agbal for tightening […]

USDTRY

USD/TRY Forecast Ahead of Turkish GDP Numbers

USD/TRY has eased ahead of the Turkish GDP data on Monday. Analysts expect the country’s economy to have expanded by 6.7% in the first quarter and 5.5% on a year-on-year basis. Last week, President Recep Erdogan noted that passed on preliminary data, the released GDP numbers would highlight strong economic […]

USDTRY

USD/TRY Forecast Ahead of the Turkish Retail Sales

USD/TRY is on a consolidation pattern ahead of the Turkish retail sales. Investors will be keen on whether the released numbers will come in higher than the previous 4.6% YoY and 3.4% MoM. The data comes a few days after the CBRT interest rate decision. The central bank left the […]

USDTRY

USD/TRY: Implications of the CRBT Rate Decision

USD/TRY is on a bearish consolidation pattern ahead of the CRBT one-week repo rate decision. On Monday, TURKSTAT released lower-than-expected CPI data. According to the institute, the CPI rose by 17.14% YoY compared to the forecasted 17.30%. The figure was also lower than the previous 16.19%. At the same time, […]