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 Continues the Rebound to 5-Month Highs

USDTRY : Turkish Lira Continues the Rebound to 5-Month Highs

USDTRY gives up over 0.60 and continues the retreat for sixth consecutive day reaching five month lows despite Turkey's Central Bank (CBRT) cut the one-week repo auction rate by 425 basis points to 19.75% from 24% last week. This was a more aggressive rate cut than market expectations. Fitch Downgraded [...]
USDTRY : Bears in Control

USDTRY: Bears in Control

USDTRY gives up over 0.57 percent despite Turkey's Central Bank (CBRT) cut the one-week repo auction rate by 425 basis points to 19.75% from 24% last week. This was a more aggressive rate cut than market expectations. The economist’s expectation was for an interest rate by cut by 250 bps...

This content is for Free Membership members only.
Log In Register

Turkish Lira Benefits from Aggressive Rate Cut

The Central Bank of the Republic of Turkey (CBRT) heeded the call of President Recep Erdogan to loosen monetary policy> The CBRT cut its one-week repo rate from 24% to 19.75%. This was a bigger rate cut than the market was expecting (21.5%). Naturally, a cut in interest rates is [...]
USDTRY Short Term Neutral Bias

USDTRY Short Term Neutral Bias

USDTRY gives up over 0.35 percent after yesterday Turkeys Central Bank (CBRT) cut the one-week repo auction rate by 425 basis points to 19.75% from 24%. This was a more aggressive rate cut than market expectations. The economist’s expectation was for an interest rate by cut by 250 bps from...

This content is for Free Membership members only.
Log In Register

Turkish Central Bank Cuts Rates Aggressively

The Turkish Central Bank (CBRT) has just announced that it has cut the one-week repo auction rate (i.e. the policy rate) by 425 basis points to 19.75% from 24%. This was a more aggressive rate cut than the market had expected, and this has sent the USDTRY into a very...

This content is for Free Membership members only.
Log In Register
USDTRY Looking for Direction

USDTRY Looking for Direction

Turkish lira (USDTRY) gives up over 0.48 percent against the greenback as we approach Turkey’s central Bank next policy meeting on July 25 at 11:00GMT. The economist’s expectation is for an interest rate by cut by 250 bps from its current 24%. Turkey’s central bank kept the one-week repo rate [...]
USDTRY Higher as Fitch Downgrades Turkey

USDTRY Higher as Fitch Downgrades Turkey

Turkish lira (USDTRY) gives up over 0.22 percent against the greenback after Fitch Downgraded Turkey to junk status. Fitch warned of deteriorating independence and economic policy credibility after President Erdogan removed Cetinkaya as his central bank chief last week. Governor Cetinkaya, whose term was due to 2020, was replaced by [...]

TRY Slumps as CB Chief Cetinkaya is Removed from Office

The Turkish Lira slumped in early Monday trading, as Turkish President Recep Erdogan removed the erstwhile Governor of the Turkish Central Bank Murat Cetinkaya over a difference in opinion as to the direction of monetary policy. President Erdogan has been an advocate of lowering rates, saying that higher interest rates [...]