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 Turns Positive On Stronger US Durable Goods Orders

USDTRY reverse early losses after stronger than expected US Durable Goods Orders data for February. Durable Goods Orders increased by 1.2%, to $249.4 billion. The figure top the market consensus of 0.8% increase....

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USDTRY

USDTRY At 30-Month Highs Amid USD Strength

USDTRY trades higher for the ninth session out of the last ten in a rally that drove the price to September 2018 highs. Investors run away from emerging markets currencies to the safe-haven assets as the coronavirus disruptions spread around the globe, pushing the global economy into recession....

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USDTRY

USDTRY Bullish Momentum Intact Above 6.00

USDTRY bounced today after four consecutives days of losses. The pair started a correction from 17-month highs after the Federal Reserve cut interest rates by 50 basis points. The Purchasing Managers’ Index (PMI) for the manufacturing sector in Turkey posted the strongest reading of the last two years in February. [...]
USDTRY

USDTRY: CBRT Cuts the Repo Rate from 11.25% to 10.75%

The USDTRY is trading higher on the day as the Central Bank of the Republic of Turkey (CBRT) cut the one-week repo auction rate by 50bps as expected, from 11.25% to 10.75%. The USDTRY spiked 340 pips in reaction to this move but has now pulled back slightly to 6.0745 [...]
USDTRY

The CBRT Interest Rate Decision: Implications for the USDTRY

Tomorrow February 19, 2020, at 11 am UTC, the Central Bank of the Republic of Turkey (CBRT) will announce its key interest rate, with implications for the USDTRY. The CBRT has performed five interest rate cuts since President Erdogan replaced its ex-Governor Cetinkaya over a difference of opinion in the [...]
USDTRY

USDTRY Bulls in Control Above 6.00

USDTRY consolidates at eight-month highs as the pressure on Turkish lira persists after the consecutive interest rates cuts by the central bank of Turkey. Last Friday stronger NFP data out of the USA boosted US dollar above the 6 mark for the first time since May 2019. Banks in Turkey [...]
USDTRY

USDTRY at Eight-Month Highs After Fed Kept Rates Unchanged

USDTRY continues higher for the sixth consecutive trading session adding 0.33% at 5.9781. The rally that started since January 16th after the CBRT cut interest rates to 11.25% is intact. The 75 basis point cut was the smallest rate cut since the beginning of the easing cycle. That was the [...]