USD/TRY Trades Sideways Amid Weakening Economy, Rising Inflation Forecasts
The Turkish lira is trading sideways against the US dollar on Tuesday as investors digest the latest round of economic data and the government’s forecasts….
Posts Tagged: Sahap Kavcioglu
Turkish Lira Crashes to Fresh Record Low As Ankara Cuts Interest Rates
The Turkish lira is cratering to a record low against the US dollar to finish the trading week. The emerging-market currency is plummeting after the…
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…
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 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…