The Turkish Lira has hit record lows against the US Dollar after investors were panicked by a sudden surge in...
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 Chart by TradingView
USDTRY set for a breakout after a consolidation phase that lasted over a month. The central bank of Turkey managed to keep the Turkish lira steady in a period the USD was under selling pressure across the board.
The Central Bank of the Republic of Turkey (CBRT) kept its repo rate unchanged at 8.25%, marking what looks like...
The USDTRY pair has been boring in the past few weeks. The pair is trading at 6.8465, which is the...
Fitch Ratings publishes its report on Turkey. Sign up to find out what the report could mean for the USDTRY.
USDTRY continues almost unchanged after the Central Bank of Turkey cut the interest rates by 50 basis points to 8.25% from 8.75% surprising markets. CBRT cut the interest rate for ninth consecutive meeting the last 12 months.
Will the CBRT cut rates by 50bps tomorrow or will there be a market surprise? Sign up to find out more about the CBRT rate decision tomorrow.
This week, the focus in the trading community was on key economic numbers, second wave of the coronavirus, and central...
USDTRY stabilize today after yesterday’s sharp losses amid USD weakness across the board. The USDTRY breached below the 50-day moving...
The USDTRY has hit 2-week highs after data made available to the markets showed that the Turkish economy grew less...