USDTRY continues the correction from two-year highs as the Turkish economy gradually reopens and major Turkish banks managed to roll over their debts in May.
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 hovers to the unchanged mark after the central bank of Turkey cut the interest rates for ninth time in...
USDTRY correction accelerates today making fresh monthly lows ahead of Thursday’s central bank of Turkey policy meeting. Analysts expect that...
USDTRY correction continues for the fourth consecutive session as Turkey gradually eases the coronavirus lockdown. As more and more businesses reopen the sentiment improves for the TRY.
The USDTRY has retreated from the all-time highs of last week at 7.2682 as the government of Turkey prepares to...
USDTRY hovers into unchartered territory as the pair brakes above the 7,15 psychological mark. USDTRY breached above the 7.00 mark on Monday a level that was a strong resistance
USDTRY brakes above the 7,00 mark, a level that was a strong resistance the last ten trading sessions. The Risk...
USDTRY trades higher for the second day as the consolidation phase at two-year highs continues just shy of the 7.00...
USDTRY consolidates at two-year highs after the central bank of Turkey cut the interest rates by 100 basis points to 8.75% for the eighth time in less than a year, in an attempt to combat the coronavirus impact on the economy.
The USDTRY pair spiked as investors reacted to the interest rates decision by the Turkish central bank and the surging...