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 06:43 AM

    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.

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    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 3, 2021 04:32 PM
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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 18, 2021 07:23 PM
        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 10:05 AM
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          Currency Pair of the Week: USD/TRY

          USD/TRY should offer many trading opportunities this week

          November 16, 2020 08:19 AM
            Board of currencies

            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 02:19 PM

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