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 Retreats From Seven-Month Highs

USDTRY retreats today from seven-month highs that hit yesterday amid clouds in the Turkish economy and military actions in Syria and a new front in Libya. The Turkey Economic Confidence Index came in at 93.8 for December above the previous reading of 91.3 providing some relief to the Turkish lira. [...]
USDTRY

USDTRY Bulls Return After CBRT Interest Rate Cut

USDTRY hit two-month highs as the pressure to Turkish lira continues after the central bank of Turkey (CBRT) the previous week cut the interest rates by 200 bps to 12% from 14% below the analysts' consensus of an interest rate cut to 12.5%. The central bank noted that recovery in [...]
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 […]