Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.
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The Turkish Central Bank has a new governor. What will happen to the Turkish lira?
Fresh crisis in the US-Turkey relationship pulled the TRY down. Read more!
US-Turkey escalation of tensions, Tesla, and weakness of the USD are the main events for today!
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020.
The Turkish lira hugely dropped today, which pushed USD/TRY up to highs unseen since November 2020. Oil started recovering its losses after the worst week since October.
For the last two weeks, the Turkish lira has been gaining against the USD. Suddenly, 15% were reduced from its value in one day! Let's discover what happened.
Turkey's bank raised rates, that sent the Turkish lira soaring. But technical analysis shows that USD/TRY should reverse up .
USD/TRY is trading at the levels unseen since August 2020 and heading towards the key psychological mark of 7.00
There many exotic pairs out there. There many reasons to trade them, too. What are they? Read the article, and you'll see.