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: No End In Sight For Turkish Lira Plunge

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...

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USDTRY

USDTRY: This is Why the Turkish Lira is Sinking Today

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...

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USDTRY

CBRT Decision Preview: Will the USDTRY Hit New Record Highs?

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 […]