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 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 […]
The Turkish lira is under selling pressure for the third consecutive session despite Turkey’s Manufacturing Confidence rose to 102 from previous 100.9
Turkish lira continues higher for the fifth consecutive session as USDTRY gives up 0.53% at 5.7090 hitting fresh three week lows.
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.