usdtry

As the Turkish Lira plunged to fresh lows against USD with USDTRY hitting 7 for the first time in history, the country’s leader used a national press conference to accuse the US of trying to “stab it in the back”. Following the imposition of sanctions on Turkey by the US last week over the country’s refusal to extradite a US pastor held in deten...

2018-08-14 James Harte Read more

Daily Forex Market Preview, 14/08/2018 The U.S. dollar index was seen trading flat on Monday with the technical pattern confirming a doji close. A bearish follow through from here on could signal a near-term correction. Economic data for the day was sparse. Still, the Turkish lira continued to plunge dragging down the euro currency rather brief...

2018-08-14 John Benjamin Read more
forex technical analysis 13th august

Daily Forex Market Preview, 13/08/2018 The U.S. dollar gained on Friday as the geopolitical tensions saw the Turkish lira plummeting. The euro was also not spared as initially news reports citing the ECB showed that the central bank was concerned about exposure to Turkey. The U.S. dollar index surged to new highs by Friday's close. [shortcod...

2018-08-13 John Benjamin Read more
CBRT Central Bank of Republic of Turkey

Rates Unchanged At its latest rates setting meeting this week, the Central Bank of Republic of Turkey kept rates unchanged as expected, though the market was taken by surprise as the CBRT announces new monetary policy framework. At its May meeting the CBRT announced it was simplifying its monetary policy framework where its highly asymmetric co...

2018-05-29 James Harte Read more