USDTRY chart

USDTRY chart by TradingView

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.


News


Turkish Lira on the Brink of a Full-Scale Currency Crisis

USDTRY eyes record high as Erdogan tightens grip on key policy areas, raising the risk of Turkish Lira free-fall.
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US AM Digest: EUR Dips on ZEW Survey, GBP Hampered by Soft Output Data


USDTRY Could Strengthen Further as Concerns About Turkey Persist


US AM Digest: Turkish Lira Boosted By Surprise 125bps Rate Hike, EUR Buying Resumes Ahead of ECB


Preview: Can the Turkish Central Bank Deliver Delightful Boost to Turkish Lira on Surprise Rate Hike?


Real Time News


Analyst Picks

Martin Essex, MSTA

Martin Essex, MSTA Analyst and Editor

My Picks: Go Long USDTRY
Expertise: Fundamentals and Technicals
Average Time Frame of Trades: Next few days


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