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 Unfazed After CBRT Keep Rates Unchanged

USDTRY continues almost unchanged after the Central Bank of Turkey cut the interest rates by 50 basis points to 8.25% from 8.75% surprising markets. CBRT cut the interest rate for ninth consecutive meeting the last 12 months.

Continue reading with a free membership account. It takes seconds to create.

[nextend_social_login style="icon"] Register


USDTRY

USDTRY: Selling Momentum Accelerates, Turkish CPI at 11.39%

USDTRY stabilize today after yesterday’s sharp losses amid USD weakness across the board. The USDTRY breached below the 50-day moving average, and the selling pressure might continue. A positive sign from the economy after Turkey gradually reopens, support the Turkish lira. Optimism that Turkish governments will manage to get through [...]
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 At Monthly Lows Ahead Of Thursday’s CBRT Policy Meeting

USDTRY correction accelerates today making fresh monthly lows ahead of Thursday’s central bank of Turkey policy meeting. Analysts expect that CBRT will cut interest rates for the ninth consecutive meeting, in an attempt to offset the impact of the COVID-19 outbreak on the turkish economy. In July 2019 the interest [...]