Loading...

TRY

Turkish Lira – Market News

 

Relief in Emerging Market FX After Turkey Raises Interest Rates

There was widespread relief among emerging market investors on Thursday after the Turkish central bank finally raised interest rates to protect the embattled lira. Elsewhere, the dollar lost value for a fourth consecutive day and ethereum stabilized after a ten-day fall.

Posted: 13 Sep, 2018

Frightening FX Losses in Argentina; SNB Might Intervene to Weaken Franc

The currency situation in Argentina is becoming desperate. In a single three-hour period on Thursday, the Argentine peso shed 19 percent of its value as it slid to 41.47 to the dollar. The peso had already lost 45 percent since January. With the peso’s spiral downwards, default risk in Argentina moves ever higher, resulting in […]

Last update: 31 Aug, 2018

Thai Baht at 5-Month High After Dollar Stumbles on Trump Remarks

The US dollar continues to fall from long-term highs. Tuesday marked the fourth consecutive trading day of declines for the Dollar Index, which traded at a fourteen-month high of 97.0 last week. Approaching the end of Tuesday’s European session, the index had slumped into the 95.40s. The dollar was affected for the worse on Monday […]

Posted: 21 Aug, 2018

Dollar and Yen Soar on Flight to Safety; Turkey Leads Turmoil in EM FX

The US dollar and Japanese yen soared on Friday as traders fled risk-sensitive currencies. Turmoil in emerging market FX is being led by the Turkish lira, which fell 15 percent in twelve hours after President Trump doubled tariffs on Turkish steel and aluminium imports.

Last update: 5 Dec, 2018

US Dollar on the March; Markets Yet to Price in Full Extent of Fed Hikes, Says SEB

The US dollar made inroads against most of the world’s currencies on Thursday as trade fears forced investors into safer assets.

Last update: 2 Aug, 2018

Shock as Turkish Central Bank Stands Pat on Interest Rates; Lira Plunges

The Turkish lira shed 3.3 percent in a matter of seconds on Tuesday afternoon after the Turkish central bank left its benchmark interest rate unchanged at 17.75 percent, defying the market’s unanimous forecast for a 100-basis point hike.

Last update: 24 Jul, 2018

Ruble and Rand Best Performers During Busy Week for Emerging Market FX

It was a busy week for financial markets; one in which central banks disappointed, entire countries were in crisis, new leaders were elected, commodities thrived and Trump reimposed sanctions on Iran. With that said, emerging market currencies were erratic last week, and generally lost value, none more so than the Argentine peso which fell on […]

Last update: 2 Jun, 2018

There’s a Crisis in Argentina: Central Bank Moves to Prop Up Peso with 40% Interest Rate

Spare a thought for the Argentine peso. The ill-fated currency of South America’s second largest economy lost 6 percent of its value last week, taking its twelve-month loss to 30 percent. Now at 21.82 per US dollar, the peso is worth less than at any point since Argentina’s fixed exchange rate system was abandoned in […]

Last update: 28 May, 2018

Turkish Lira at All-Time Low on Economic, Political Woes

The Turkish lira’s perpetual decline continues. Friday’s print in the dollar-lira exchange rate of 4.034 marked yet another all-time low in the lira’s value and 2018 is now the sixth calendar year out of the past seven, and the ninth year from the past thirteen, that a record low has been penciled in. The lira […]

Last update: 28 May, 2018

Sterling initially happy with budget, Turkish Lira at record lows

Hi, Sterling was initially happy but has fallen against the Euro and US Dollar today following yesterday’s Autumn budget announcement, which has given UK economists plenty to talk about. UBS predicted the British Pound to fall closer to parity vs the Euro. The Euro has advanced against most of its peers in the last few […]

Last update: 11 May, 2019

Turkish Lira Has the Monday Blues; Falls 4% on US-Turkey Diplomatic Row

The Turkish lira weakened on Monday morning by as much as 4.2% against the dollar after Sunday’s decision by the Turkish government to immediately suspend all non-immigrant visa services at Turkish consulates and embassies in the US. Turkey’s tit-for-tat decision came just hours after the US announced the same thing. Washington said on Sunday that it […]

Last update: 28 May, 2018

Turkish lira resilient despite weekend coup bid

Turkish Lira 1 Week charts You know a country has a strange sort of democracy when despite a coup attempt over the weekend, the currency is down less than 1 percent versus the US Dollar. In fact the Turkish Lira is even up for the week versus the Japanese Yen! Please note: the above quoted […]

Last update: 3 May, 2019

Russia vs Turkey the latest market threat

Only one story dominated markets yesterday and it wasn’t the pontificating of Monetary Policy Committee members on interest rates and the state of the UK economy. The news that a Russian jet had been downed by Turkish forces set markets on edge and hyped up fears that the mishmash of coalition forces, the Free Syrian […]

Last update: 6 Jun, 2018

Do NOT follow this link or you will be banned from the site!