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…
Posts Tagged: Forex Reserves
Turkish Lira Crashes to Fresh Low Against US Dollar on Erdogan Re-Election
The Turkish lira hit a new all-time low against its US counterpart during the quiet Memorial Day holiday trading session. The currency plunged after President…
Turkish Lira Weakens After Central Bank Leaves Interest Rates Unchanged
The Turkish lira weakened against its major currency rivals on Thursday as the central bank left its interest rates unchanged. Economists had mostly expected Ankara…
Turkish Lira Holds Steady on Slowing Inflation, Strong 2022 GDP
The Turkish lira traded below the 19.00 mark against the US dollar to finish the trading week after inflation continued to show signs of easing,…
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…
Turkish Lira Limits Losses After Central Bank Ends Easing Cycle Amid 150-Basis-Point Rate Cut
The Turkish lira added to its 2022 losses after the central bank slashed interest rates as part of its efforts to fight price inflation. The…
USD/TRY Flat After Turkey Slashes Interest Rates by 150 Basis Points Amid 83% Inflation
The Turkish lira erased its losses on Thursday after the central bank cut interest rates, despite inflation topping 83% in September. The lira has been…
USD/TRY Weakens After Turkey Slashes Interest Rates for Second Straight Month
The Turkish lira erased most of its losses against its US rival, despite the central bank cutting interest rates at a time when inflation is…