turkey inflation

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 significant tightening of policy would have been expected, there was a growing consensus that the central bank was lo...

2018-09-14 Daniel John Grady Read more
turkish lira infographic

Turkish Lira has lost more than 40 percent of its value against the US dollar this year, raising concerns that Turkey's economy, heavily reliant on foreign currency loans, could have a negative impact on other emerging markets. Turkey's currency has been under pressure due to rising diplomatic tensions with the US, President Erdogan's control...

2018-08-17 Orbex Read more
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
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
erdogan

In the first dual parliamentary and presidential elections to be held in Turkey, President Recep Tayyip Erdogan won the opportunity to remain in power. The elections had been due to take place November 2019 but the president announced in late April that he was bringing them forward. In line with the constitutional changes implemented in response...

2018-06-28 James Harte Read more
Erdogan_turkish lira_1804

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 history of the country. President Recep Tayyip Erdogan's bid to push for constitutional reforms to give th...

2017-04-18 John Benjamin Read more
Erdogan_Turkish referendum_1304

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 elsewhere that also require investor attention. One such event is the upcoming constitutional reform referendum b...

2017-04-13 James Harte Read more