Browsing Tag

USDTRY

USDTRY Record Highs Face Exhaustion

David Kindley Sep 15, 2020 68

USDTRY hit record highs as it pressures the psychological 7.50 barrier. An ascension from the beginning of the year saw a pullback in May. After a lengthy consolidation, we have witnessed strong bullish behavior with prices moving far away…

Fundamental Analysis

CBRT Cuts Rates 1% in Surprise Move

James Harte Mar 18, 2020 287

The Turkish central bank joined the swelling ranks of central banks rushing to ease policy rates this week. The CBRT has now cut rates back down to single digits with its own 1% interest rate cut. Following the move which echoed that of…

Fundamental Analysis

Turkey To Invade Syria As US Withdraws

James Harte Oct 8, 2019 143

Trump Abandons Kurds in Syria President Trump has signaled a major shift in US foreign policy this week, paving the way for a Turkish military operation in Syria. The announcement comes amidst a sudden withdrawal of US troops from the…

Fundamental Analysis

USDTRY One Year On

James Harte Aug 13, 2019 271

It’s now been a year since we saw the crash in TRY. This crash led USDTRY to explode from around 5.25232 at the start of August 2018 to highs of 7.11745 in under two weeks. It has been an important year for Turkey. What began as a…

Fundamental Analysis

CBRT Likely To Remain On Hold This Month

James Harte Oct 23, 2018 186

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…

Infographics

Infographic: What Really Happened to the Turkish Lira

Orbex Aug 17, 2018 1,293

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…

Fundamental Analysis

CBRT Announces New Monetary Policy Framework

James Harte May 29, 2018 106

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…

Fundamental Analysis

Turkish lira muted as Turkey votes for constitutional reforms

John Benjamin Apr 18, 2017 65

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…

Fundamental Analysis

Two Way Risks For TRY As Referendum Approaches

James Harte Apr 13, 2017 52

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…

Fundamental Analysis

CBRT to Raise Rates in Light of TRY Volatility?

James Harte Jan 24, 2017 63

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…

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USDTRY

USDTRY Record Highs Face Exhaustion

CBRT Cuts Rates 1% in Surprise Move

Turkey To Invade Syria As US Withdraws

USDTRY One Year On

CBRT Likely To Remain On Hold This Month

Infographic: What Really Happened to the Turkish Lira

CBRT Announces New Monetary Policy Framework

Turkish lira muted as Turkey votes for constitutional reforms

Two Way Risks For TRY As Referendum Approaches

CBRT to Raise Rates in Light of TRY Volatility?

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