Turkish Lira, Stock Market Crash After Erdogan Rival Arrested
The Turkish lira cratered as much as 11% in the middle of the trading week after a rival of Turkish President Recep Tayyip Erdogan and…
Posts Tagged: EUR/TRY
USD/TRY Flat As Central Bank Halts Rate Hikes for First Time Since May 2023
The Turkish lira was flat against its currency counterparts toward the end of the trading week as investors digested the central bank’s decision to leave…
Turkish Lira Weakens To Kick Off 2024 As Inflation Continues Soaring
The Turkish lira is starting 2024 the way it ended 2023 as the currency continues to slump. The lira is coming off a 59% decline,…
Turkish Lira Weakens Despite Central Bank Raising Interest Rates for Seventh Straight Time
The Turkish lira slumped against its major currency rivals, despite the central bank raising interest rates for the seventh straight time to help curb inflation….
Turkish Lira Flat After Central Bank Raises Interest by 500 Basis Points
The Turkish lira recorded a modest gain against its US counterpart during the Thanksgiving holiday trading session. The lira found support for substantially tighter monetary…
Turkish Lira Craters Again on Inflation Resurgence in June
The Turkish lira tanked against its major currency rivals after inflation experienced a resurgence in June. The lira has been the worst-performing currency in the…
Turkish Lira Crashes After Interest Rates Soar as Part of Turkey’s Pragmatic Reforms
The Turkish lira continued its downfall against other currencies, including the US dollar. The latest selloff in the lira came as the central bank pulled…
Turkish Lira Crashes to All-Time Low on Ankara Policy Shift
The Turkish lira crashed to a record low on Wednesday and suffered the sharpest selloff since 2021. But the silver lining in the currency crisis…