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The Lira was on course to post gains for the week on Friday, although the latest interest rate policy decision from the Central Bank of the Republic of Turkey (CBRT) has led analysts to cut forecasts steeply and may mean it's just a matter of time before fresh losses are seen.
October 29,2021
USD/TRY setback may be imminent, charts warn and "extreme caution" warranted says Commerzbank.
October 24,2021
The Pound-to-Lira exchange rate was on route to late June highs around 12.14 on Thursday following a surprise interest rate cut from the Central Bank of the Republic of Turkey.
September 23,2021
The Lira is outbidding all others with its yield offering to international investors and Credit Agricole has flagged it as the number one ‘carry trade’ out there.
September 17,2021
The Turkish Lira softened ahead of the weekend but has been an outperformer for the month of August and remained close to an important resistance level against the Dollar, any overcoming of which could lead to even further declines in USD/TRY as well as GBP/TRY.
August 27,2021
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