Tag Archives: TRY

The Turkish lira weakened against the US dollar to a new record low on Monday, November 2nd, as investors looked at the impact of geopolitical tensions and political interference on monetary policy. The lira was at 8.3840 against the dollar by 04:28 GMT, approaching the record low of 8.3850 it …

The Turkish lira weakened to new lows against the dollar on Wednesday after the central bank raised its forecast for the rate of inflation in the current and next years. The lira recorded its lowest level ever at 8.2655 against the US currency to close at 8.1875 pounds yesterday and …

The Turkish Lira (TRY) declined on Tuesday to another record low, with expectations the USD/TRY pair could now reach an unprecedented 8.5 or 9 levels. The Turkish currency’s losses since the beginning of the year against the US Dollar (USD) have now reached 20%. The USD/TRY is higher for the …

The Turkish lira fell against the US dollar below the 8 for the first time, with doubts surrounding the efforts of the Turkish Central Bank to support the Turkish currency with the escalation of geopolitical tensions. The Turkish lira fell 1.2% to $ 8.0088 on Monday, the largest decline compared …

The Turkish lira fell against the US dollar below the 8 for the first time, with doubts surrounding the efforts of the Turkish Central Bank to support the Turkish currency with the escalation of geopolitical tensions. The Turkish lira fell 1.2% to $ 8.0088 on Monday, the largest decline compared …

The Turkish lira rose to stand at less than 7.85 against the dollar on Wednesday, the highest level since the seventh of October, as investors awaited the central bank meeting this week to set the interest rate. The currency has weakened in recent weeks due to geopolitical tensions, including the …

The Turkish Lira (TRY) hit another record low on Thursday as the USD/TRY pair reached 7.95, getting close to an unprecedented level of 8. Ankara’s monetary policy has been heavily criticized as it is failing to stop the local currency’s wounds. USD/TRY is currently trading at 7.9323, up by 0.28% …