TRY Market Update
09 Jun 2026 • 00:31 GMT
The Turkish lira (TRY) remains near 90-day lows against the US dollar, trading around 0.02169 USD, which is about 2.3% below its three-month average. The TRY has displayed relative stability within a narrow range, reflecting ongoing monetary policy efforts and inflation controls.
Meanwhile, the US dollar has been broadly stronger, supported by upbeat US employment data and market expectations of potential Fed rate hikes. Despite this, the recent TRY/USD move shows the lira holding relatively steady in a cautious environment.
In other cross rates, the TRY has weakened slightly against the euro and British pound, with the TRY/EUR and TRY/GBP traded just below their three-month averages, indicating limited but consistent depreciation pressures. Conversely, on the commodity and safe-haven front, TRY/CHF and TRY/CAD have edged closer to their recent highs, demonstrating some risk appetite and market interest in stable assets.
Overall, while the US dollar gains point to a strengthening greenback, the TRY remains resilient amid Turkey's active monetary stance and economic adjustments. Expect continued monitoring of US rate policy developments and Turkish inflation dynamics as key factors influencing the TRY’s direction.
📊 Quick forecast view
🔴 Mild downside
0.0210 – 0.0220
🌍 Global risk sentiment
🔴 Downtrend
