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USD/TRY

In January of 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically that the conversion was $1 to 1.5 million TRY. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. Although the nation wishes to join the Euro-Zone, political conditions in Turkey and economic issues in the EU continue to delay the process.

USD/TRY Rate

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Jun 30
14:00
USD Consumer Confidence (JUN) 101.4 97.1 95.4
Wed
Jul 1
14:00
USD ISM Manufacturing (JUN) 53.5 53.2 52.8
Thu
Jul 2
12:30
USD Change in Non-farm Payrolls (JUN) 223K 233K 254K
12:30
USD Unemployment Rate (JUN) 5.3% 5.4% 5.5%