Turkey

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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.

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 3, 2021 03:32 PM

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.

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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...

October 18, 2021 06:23 PM

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 09:05 AM

[VIDEO] Don’t forget the CBRT meeting on Thursday!

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

March 17, 2021 02:47 PM

Currency Pair of the Week: USD/TRY

USD/TRY should offer many trading opportunities this week

November 16, 2020 07:19 AM

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.

September 24, 2020 01:19 PM

Turkish central bank loses credibility as lira decline continues

The Turkish lira has fallen sharply on Tuesday after the central bank failed to raise interest rates as expected. The market had expected to see […]

January 24, 2017 12:12 PM

EM FX: strain turns to panic

The emerging market FX world has come under pressure since the election of Donald Trump to the White House. With less than two weeks’ to […]

January 10, 2017 05:44 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 […]

July 18, 2016 01:00 PM

CAD/JPY potentially poised for a prodigious period

Markets are calming down as US traders filter out for the Thanksgiving holiday, but there is one little-followed pair that could be shaping up for […]

EM Rundown: Turkish election and Industrial green shoots

It will no doubt be a week to watch when it comes to G10 economic data, but for emerging markets, most of the market-moving developments […]

EM Rundown: Geopolitical Risks Abound for USD/RUB and USD/TRY

For most asset classes, the panic-driven moves of last Monday have been erased, with EURUSD completing its 500-pip round trip, US equities actually closing higher […]

EM Rundown: A Trifecta of Big EM Central Bank Decisions

While there are a few top-tier economic events in the G10 this week (RBA minutes and CPI tonight, the RBNZ’s monetary policy meeting on Thursday, […]

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