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Turkey

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European Open: Turkey could be headed for a runoff election

The Turkish lira sank to a fresh record low against the US dollar as President Erdogan remained in the lead, although has yet to enjoy an outright majority.

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May 15, 2023 02:43 PM

The ‘Central Bank of Erdogan’ Sharpens its Rate-Cut Knife

Turkey’s central bank announce their rate decision at 11:00 today. And, if prior meetings are anything to go by, we suspect it will be another lively one.

Market chart showing uptrend

Turkey’s inflation data may embolden Erdogan

The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st!

November 4, 2021 02:32 AM

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Asian Open: Central Bank of Erdogan (CBOE) pulls no punches

USD/TRY won currency of the day to hit new highs after ‘impartial’ President Erdogan’s hand-picked central bankers cut rates by 200 bps despite raging inflation.

Market chart showing uptrend

USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

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October 19, 2021 04:23 AM
Board of currencies

Currency Pair of the Week: USD/TRY

USD/TRY may be volatile this week as the markets try and figure out what to make of the new CBRT Governor

March 22, 2021 08:05 PM
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[VIDEO] Don’t forget the CBRT meeting on Thursday!

Expectations are for the central bank to increase rates by 100 basis points

March 18, 2021 01:47 AM
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Currency Pair of the Week: USD/TRY

USD/TRY should offer many trading opportunities this week

November 16, 2020 06:19 PM
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USD/TRY: Lira Stabilizes After Turkey’s Central Bank Delivers Surprise Rate Hike

USD/TRY remains a clear uptrend despite today’s dip, with rates still trading higher on the week and up nearly 20,000 pips (!) from the January lows.

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September 24, 2020 10:19 PM

TRY this: GBP/TRY could be forming a major base

The Turkish Lira slumped late in the day on Friday when news of what turned out to be an unsuccessful coup attempt in Turkey hit […]

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July 18, 2016 10:00 PM

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