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

USDTRY: Slumps and Rebounds After CBRT Cut Rates to 12%

USDTRY trades almost unchanged after a sharp drop and rebounds as the central bank of Turkey cut the benchmark rates by 200 bps to 12% from 14% below the market expectations of a rate cut to 12.5%. The bank noted that recovery in economic activity continues while the global economic [...]
USDTRY

USDTRY: Turkish Lira Rebounds on Stronger Economic Confidence

USDTRY retreats after four consecutive positive sessions. USDTRY gives up 0.26% at 5.7635 halting the rebound from four-week lows. President Erdogan, in an interview, argued that interest rates and inflation are on the path to desired levels “despite all the pressures” and both will fall to single digits the next […]

USDTRY

USDTRY Bears Target down to 5.7093

USDTRY gives up 0.21%  at 5.7326 registering loses for fourth consecutive trading session. The Unemployment rate in Turkey increased to 14.0% in August from 11.1% in the same month of the previous year. It was the highest jobless reading since March. Turkey's inflation rate dropped to 8.55% in October from 9.26% in September. That was the lowest reading since December 2016. Turkish Exports climbed from previous $14.44B to $15.66B in October supported by weaker Turkish lira.

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USDTRY Seesaws Around the 100-Day MA

USDTRY gives up 0.08%  at 5.7084 after Turkey’s Producer Price Index (month over month) came in at 0.17% in October from previous 0.13% the yearly reading for the Consumer Price Index came in at 8.55%, below forecasts of 9.6% in October. Turkish Exports climbed from previous $14.44B to $15.66B in [...]
USDTRY

USDTRY Turns Higher After CBRT Cut Interest Rates to 14%

USDTRY adds 0.33%  higher at 5.7496 after the central bank of Turkey cut interest rates down by 250 basis points, above the market expectations, to 14%. That will make happy President Tayyip Erdogan who pressured central bank (CBRT) to cut interest rates as he wants rates to be back in [...]