USDTRY Chart News Today, Forecast, Technical Analysis

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.
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USD/TRY Forecast Ahead of Turkish GDP Numbers

Forex

·May 31, 2021, 05:46 BST

USD/TRY has eased ahead of the Turkish GDP data on Monday. Analysts expect the country’s economy to have expanded by...

USDTRY Hits New Record High As Erdogan Hints At More CBRT Rate Cuts

Forex

·Jun 02, 2021, 17:01 BST

The USD/TRY hit new record highs this Wednesday after President Recep Erdogan of Turkey hinted at future rate cuts. The...

USD/TRY: After Hitting a New Record High, Where to Next?

Forex

·Jun 03, 2021, 05:52 BST

USD/TRY has eased after Turkey’s President Erdogan made remarks that pushed the pair to its all-time high on Tuesday. Late...

USD/TRY Enters Oversold Territory Ahead of the Turkish Retail Sales

Forex

·Jun 11, 2021, 08:00 BST

USD/TRY is on a bearish consolidation pattern ahead of the Turkish retail sales. In the prior release, TURKSTAT indicated that...

USD/TRY Surges As CBRT Leaves Rates Unchanged

Forex

·Jun 17, 2021, 15:16 BST

The Central Bank of the Republic of Turkey (CBRT) has elected to keep the interest rate in Turkey unchanged at...

CBRT Raises FX Reserve Requirement, Prompting Decline in the USD/TRY

Forex

·Jul 01, 2021, 19:34 BST

The USD/TRY declined intraday as the Central Bank of the Republic of Turkey (CBRT) raised the reserve requirement ratios for...

USD/TRY Trades Lower As CBRT Leaves Interest Rates Unchanged

Forex

·Jul 14, 2021, 19:35 BST

The Central Bank of the Republic of Turkey (CBRT) has, as expected, left the 1-week repo rate unchanged at 19%....

USD/TRY Hits Multi-Week Lows As Weak GDP Data Hurts Greenback

Forex

·Jul 29, 2021, 18:38 BST

The USD/TRY fell to five-week lows after conflicting data supported the Lira but hurt the greenback. On Thursday, the Bureau...

USD/TRY: Fed’s Tapering Sets the Tone for New Record Highs At 9.08

Forex

·Aug 09, 2021, 18:17 BST

With the US adding nearly a million jobs to mark a pandemic high as reported by the US Department of...

USD/TRY: Limited Downside Seen as CBRT Holds Rates

Forex

·Aug 12, 2021, 12:43 BST

The USD/TRY is slightly lower after the Central Bank of the Republic of Turkey (CBRT) left the key one-week repo...

USD/TRY Off to 5-Week Highs Ahead of Next Week’s CBRT Decision

Forex

·Sep 17, 2021, 13:59 BST

The USD/TRY has climbed to 5-week highs after Thursday’s upbeat macroeconomic data provided a push for the greenback. Rising bond...

USD/TRY Near All-Time Highs As CBRT Cuts 1-Week Repo Rate by 100bps

Forex

·Sep 23, 2021, 14:10 BST

On Thursday, the Turkish Lira weakened against the US Dollar after the Central Bank of the Republic of Turkey (CBRT)...

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