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

There are many reports have been hovering around Turkey’s economic situation, whether before the failed coup or even after the coup. Many are saying that the economy is in a state of crisis. Yet, there are evident signs of stabilization.… Read More

Image via World Economic Forum Amid the Easter celebrations on Sunday, investors were keeping a close watch on the unfolding events from Turkey as the nation went to polls on constitutional reforms. The event marked a turning point in the… Read More

Recep Tayyip Erdoğan, President of Turkey Focus Shifts Away from Europe & US While focus over the last year has mainly been on political events happening in Europe and America, there are important political events happening… Read More

Pressure Builds On TRY The Turkish Lira (TRY) has been one of the worst-performing Emerging Market currencies over the last several months, even underperforming the Mexican Peso. Given the level of the decline, the market is increasingly… Read More

Significant TRY Depreciation The Turkish Lira has weakened dramatically over the last few weeks moving over 8% lower against the US Dollar over the last month. TRY has been deteriorating over the last few months, however, even by… Read More

Positive Australia retail sales and trade balance data point to an increase in GDP while in the UK services PMI was also weaker indicating a slow start to Q2 economic activity in the country, weighed by Brexit concerns. Today’s Economic… Read More