Turkey

The dramatic decline in the Turkish Lira has been the headline move in currency markets this year with TRY having fallen by over 30% against the US Dollar as inflation spiraled out of control, last peaking at nearly 25%, as geopolitical… Read More

The economic crisis in Turkey, fuelled by spiraling inflation and a plummeting exchange rate, shows no signs of slowing down. The latest inflation data for the troubled country showed September numbers surging to a fresh 15 year high at… Read More

The forex markets revolve around the daily happenings around the world. Geopolitical events, economical new releases, wars and natural disasters, all affect currency prices. And, when world leaders make important decisions, how can they not… Read More

On Thursday, September 13th, the market was pleasantly surprised when the Turkish Central Bank (CBRT) boosted the benchmark rate for the lira by 625 basis points. Although given the market conditions in the country at the time, a… Read More