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....
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 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....