forex TRY

In the latest “flash-crash” episode for the market, the Turkish Lira suffered a sharp and sudden fall overnight plunging around 13% against the US Dollar. TRY has been under increasing pressure this year as a stronger US Dollar and domestic economic concerns have weighed on prices, with the CBRT seemingly unable to stop the declines with their p...

2018-08-10 James Harte Read more
TRY Craters Despite CBRT Rate Hike

CBRT Lifts Rates 0.75% As downward pressures on price has continued over recent months, Turkey’s central bank today took action to address the situation by lifting its headline interest. While a rate was widely signalled at today’s meeting, in line with central bank commentary and the wider industry view on the Turkish economy, the CBRT took th...

2018-04-25 James Harte Read more