The Lira hit the ropes again Friday after President Donald Trump condemned Turkey's detention of Pastor Andrew Brunson and Treasury Secretary Steven Mnuchin said the US is preparing further sanctions against the government, which could tip the currency over the edge ahead of the weekend.
August 17,2018
The Lira rose sharply for a second consecutive session Thursday and has now reduced its 2018 loss by almost half but the currency remains vulnerable to renewed losses and some analysts are claiming it is only a matter of time before the Turkish state is forced to go cap in hand to the International Monetary Fund.
August 17,2018
The US Dollar has paused in its rally higher, prompting some to question whether this is the end of the party for bulls or just a siesta before the next celebration.
August 16,2018
Price charts are showing the Dollar has developed an 'impulse move' which is likely to extend over the long-term, according to David Tablish, founder of Rambus Chartology.
August 15,2018
The Turkish Lira fell to a new record low amid fresh global market turmoil Monday after President Recep Tayyip Erdogan resisted calls to raise interest rates and support a collapsing currency, leading markets to fear that a currency crisis could soon turn into an all-out financial crisis.
August 13,2018
From a technical perspective the pair is oversold, but in the absence of any strong reversal signs the downtrend remains intact, and therefore likely to continue, albeit probably after a pull-back.
August 12,2018
The Dollar rose broadly Friday after official data showed US inflation hitting a decade high, cementing market expectations for a Federal Reserve interest rate rise in September and providing further incentive for traders to buy the safe-haven greenback, which is benefiting from escalating concerns over the Turkish currency crisis.
August 10,2018
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