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.
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!
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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.
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...
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
[VIDEO] Don’t forget the CBRT meeting on Thursday!
Expectations are for the central bank to increase rates by 100 basis points
Currency Pair of the Week: USD/TRY
USD/TRY should offer many trading opportunities this week
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.
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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