US stocks declined yesterday as traders reacted to the FOMC decision and the weak economic numbers from the US. The Dow Jones declined by more than 130 points while the S&P 500 and Nasdaq 100 indices fell by 30 and 140 points, respectively. The three indexes are barely moved in […]
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
The Turkish lira can’t stop falling. The USDTRY rose to a record high yesterday in reaction to a new government directive to local banks. The pair is now trading at 7.5446, which is a few pips below the yesterday’s high of 7.5592. The USDTRY, EURTRY, and GBPTRY are among the...
USDTRY consolidates close to record highs as it remains the only currency that is devaluating against the USD despite the greenback weakness.
The USDTRY is still pushing close to all-time highs near 7.500 as the Turkish Lira struggles to find support. The Lira has been under pressure after inflation was seen at 11.7% in August.
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USDTRY hit another record high today as the pressure to Turkish Lira continues after the inflation in the country reached 11.77% almost double than Turkey's Central bank inflation target
The USDTRY pair has broken out today as traders react to Turkish inflation data and the stronger US dollar. The pair is trading at 7.4335, which is its highest level on record. According to the Turkish Bureau of Statistics, consumer prices rose by 0.86% in August. That was higher than...
USDTRY resumes the uptrend today after three straight trading session of loses, after disappointing GDP figure from Turkey.
The Central Bank of the Republic of Turkey (CBRT) held interest rates at 8.25%, and it has just released its minutes, where it has indicated that it stands prepared to continue with the liquidity measures it has put in place despite forex scarcity. As a result, the Lira was able […]
USDTRY trade close to daily highs after the Central Bank of Turkey left its one-week repo auction rate unchanged at 8.25% for the second consecutive policy meeting.
On Thursday, August 20, the Central Bank of the Republic of Turkey (CBRT) will release the latest consignment of data marking its key interest rates. The one-week repo rate is our focus here. Analysts are expecting that the CBRT has ended its easing cycle by maintaining the 1-week repo rate […]