The Turkish Lira tumbled to new all-time lows to open the mid-week session following a television interview in which President Recep Tayyip Erdogan effectively told financial markets to go and take…
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The Krona topped the major currency rankings in the penultimate session of the week after the Riksbank signalled that it could be about to shift to a ‘hawkish’ interest rate stance that some analys…
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GBP/TRY and USD/TRY reverse half of Tuesday's surge, but recovery lacks a clear catalyst and follows a CBRT statement.
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GBP/TRY & USD/TRY gains nearing +70% for 2021 as market protests interest rate policy & Lira spirals.
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The Lira tumbled again following the Central Bank of the Republic of Turkey’s November decision to cut its interest rate, which has left the Turkish currency on the edge of an abyss.
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