USD/TRY Hits Fresh Record Low As Erdogan Pushes for Rate Cuts by August
The Turkish lira cratered to a fresh all-time low against the US dollar on Wednesday after President Recep Tayyip Erdogan called for cuts to interest…
Posts Tagged: Naci Agbal
Turkish Lira Weakens on 17% Inflation Rate, COVID-19 Resurgence
Turkey is going through an inflationary crisis as the latest numbers point to a disastrous situation for a country that has abandoned a more orthodox…
USD/TRY Tries To Break Below 8.10 As Lira Strengthens Despite Higher Inflation
Has the Turkish lira plugged its recent plunge against its US peer? The USD/TRY currency pair is trying to break below 8.10, but higher-than-expected consumer…
Turkish Lira Weakens Again Despite Erodgan’s New Pleas With Citizens
The Turkish lira topped 8.21 against its US peer to start the trading week as the fallout over the termination of the nation’s third central…
Turkish Lira Continues Crashing As Erdogan Tries To Stop the Bleeding
The Turkish lira topped the 8 mark against its US peer for the first time since the end of November. The lira has collapsed more…
Turkish Lira Crashes on Erdogan Firing Third Central Bank Chief in a Year
The Turkish lira is crashing against its US peer to start the trading week, driven by the ousting of Naci Agbal, the head of the…