The US Dollar (USD) is declining across the board on Tuesday, on the back of higher risk appetite that comes supported by recent positive news about Coronavirus vaccines. The Dollar index (DXY), which measures the USD performance in front of a basket of six major international currencies, is down by …
Read More »Turkish Lira Down 2% Against US Dollar
The Turkish lira fell by up to 2% to more than 8 lira against the dollar on Tuesday, November 24, to continue its losses this week as investors exploited a strong recent rise to form positions of currencies and gold. The pound fell to 8.05 against the US currency, compared …
Read More »The Turkish Lira is Down by More Than 1%, After Big Gains
The Turkish lira fell 1.3% against the dollar as local investors strengthened their positions in foreign currencies and gold, after a strong rise in the Turkish currency recently. The lira fell to 7.76 from Friday’s close of 7.65. The lira rose from a record low of 8.58 this month after …
Read More »USD Rises Across the Board
The US Dollar (USD) is showing a good performance on Thursday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up for the day by 0.24% at 92.54.
Read More »Coronavirus Vaccine Could Lead to USD Depreciation
Large-scale distribution of Coronavirus vaccines, coupled with the current monetary easing policy by the United States Federal Reserve could lead the US Dollar (USD) to weaken by as much as 20% in 2021, according to a recent report by Citibank, Reuters reported. “When viable, widely distributed vaccines hit the market, …
Read More »Turkish Lira Declining a Day Before an Important Interest Decision
The Turkish lira fell on Wednesday, November 18, a day before the central bank’s important interest rate decision, as it remained at levels reached last week due to expectations of a sharp rate hike. By 07:29 GMT, the lira was at 7.73 per dollar, compared with 7.7150 at Tuesday’s close. …
Read More »Turkish Lira Down by More Than 1%
The Turkish lira fell by more than 1% on Tuesday, November 17t, against the dollar, after rising by as much as 12% last week thanks to expectations of a more conservative economic policy when President Erdogan pledged a new economic model. The lira had stabilized at 7.80, after touching 7.7110 …
Read More »USD Attempting Recovery from Daily Lows
The US Dollar (USD) is attempting recovery on Monday, after spending most of the European session in the negative territory. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.08% at 93.68. The index has been moving today in …
Read More »Turkish Lira Up More than 4.2% Against USD
The Turkish Lira (TRY) is recovering against the US Dollar (USD) after recently falling to new unprecedented record lows. Changes in the leadership of the Turkish central bank and the finance ministry are seemingly providing some short turn support to the Lira, which rose to its highest level against the …
Read More »Dollar Rises across the Board
The US Dollar (USD) continues to show a positive performance on Wenesday, supported by an improved investors’ sentiment. The Dollar Index (DXY), which measures the performance of the USD against a basket of six major international currencies, is up by 0.45% at 93.17 earlier in the American session. The index …
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