USD/TRY setback may be imminent, charts warn and "extreme caution" warranted says Commerzbank.
Read more →
The Pound-to-Lira exchange rate was on route to late June highs around 12.14 on Thursday following a surprise interest rate cut from the Central Bank of the Republic of Turkey.
Read more →
The Lira is outbidding all others with its yield offering to international investors and Credit Agricole has flagged it as the number one ‘carry trade’ out there.
Read more →The Turkish Lira softened ahead of the weekend but has been an outperformer for the month of August and remained close to an important resistance level against the Dollar, any overcoming of which c…
Read more →
The Turkish Lira took no prisoners on Thursday when sweeping the board of opposition from major developed and emerging market currencies alike after the Central Bank of the Republic of Turkey defie…
Read more →
The Lira advanced against the Dollar, Pound and Euro in a favourable market for risky currencies on Wednesday after the Central Bank of the Republic of Turkey continued its bid to reduce inflation …
Read more →The Turkish Lira has been an unlikely outperformer over the recent month but will need the Central Bank of the Republic of Turkey (CBRT) to defy pressure from Ankara for a reduction of interest rat…
Read more →
The Lira hit record lows against the Dollar Thursday while ceding substantial ground to other currencies even after the Central Bank of the Republic of Turkey (CBRT) held its interest rate steady, …
Read more →The Lira was stable but underperforming other emerging market currencies on Thursday after the Turkish central bank said its cash rate is likely to remain at 19% until a “significant fall” in infla…
Read more →
The Turkish Lira outperformed developed and emerging market counterparts on Tuesday despite widespread U.S. Dollar strength and could now be on the cusp of a more durable turnaround against the bot…
Read more →
The Lira strengthened Wednesday but was still heavily in the red against many currencies for 2021 and may struggle to advance much further ahead of Thursday's Central Bank of the Republic of Turkey…
Read more →The Lira was under pressure Tuesday as the Dollar rose, risk assets tipped lower and the Turkish unit was penalised for Ankara's intervention at the Central Bank of the Republic of Turkey (CBRT), w…
Read more →
The Lira was crushed early in the new week with losses rivalled those seen by Pound Sterling following the 2016 Brexit referendum after another Central Bank of the Republic of Turkey Governor …
Read more →
The Lira turned back onto recovery road leading GBP/TRY, USD/TRY and EUR/TRY to topple on Thursday after the Central Bank of the Republic of Turkey (CBRT) more-than met expectations with its latest…
Read more →
The Lira outlook has improved since the Central Bank of the Republic of Turkey (CBRT) raised interest rates this week, leading Commerzbank to scrap forecasts for further punishing declines in …
Read more →The Lira leapt higher against the Dollar, Pound and Euro on Thursday after the Central Bank of the Republic of Turkey (CBRT, TCMB) raised interest rates and announced a landmark shift in how i…
Read more →
The Lira was steady against major currencies on Wednesday even after reported remarks from President Recep Tayyip Erdogan that appeared to cast doubt over the country's interest rate outlook ahead …
Read more →The Lira advanced against major currencies on Friday with the Turkish unit having won new advocates within the analyst community ahead of next week's central bank interest rate decision, which the …
Read more →Turkey's troubled Lira was on course for its best week since the middle of 2018 on Wednesday after remarks from President Recep Tayyip Erdogan seemingly suggested that large interest rate hikes are…
Read more →The Pound-to-Lira exchange rate slumped an eye-watering 5% on Monday as markets grasped news of significant personnel changes in the upper echelons of Turkish finance, moves that have apparently be…
Read more →