USD/TRY Holds Steady As Investors Assess Economic Landscape, Monitor Upcoming Election
The Turkish lira weakened against its major currency rivals toward the end of the trading week as investors monitor the government’s latest economic policies and…
Posts Tagged: Automobile Production
Turkish Lira Rebounds After Hitting Fresh Record Low – Is Financial Instability Inevitable?
The Turkish lira is attempting to stage a modest rebound after hitting a fresh record low against its US counterpart. The lira has been on…
Turkish Lira Strengthens As Central Bank Leaves Interest Rates Unchanged
The Turkish lira recorded modest gains against both the US dollar and the euro on Thursday as the central bank left interest rates unchanged at…
Brazilian Real Stalls on Plans for Dividend Tax Hike, Finds Support on Data
The Brazilian real weakened against its US counterpart in the middle of the trading week, with investors combing through the latest economic data. The Latin…
USD/TRY Drops Amid Increase in Forex Reserves, Economic Optimism
The Turkish lira strengthened against its US counterpart on Thursday as foreign exchange reserves and economic optimism lifted the currency. The lira has enjoyed a…
Turkish Lira Climbs to Three-Week High Against USD Ahead of Central Bank Meeting
The Turkish lira is trading at its best level in three weeks against the US dollar in the middle of the trading week. The currency…
USD/TRY Tests 7.00 As Turkey Leaves Interest Rates Unchanged
The Turkish lira is retesting $7 against its US peer on Thursday after the central bank held off on raising interest rates. While officials had…