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Tag: Turkish Lira news

Turkey is scrambling all over to avert  currency crisis
Categories Finance HIGHLIGHTS

Turkey is scrambling all over to avert  currency crisis

Atilla YeşiladaPosted on8 December, 2022

Saudi Arabia will place a $5 billion deposit at Turkey’s central bank “within days,” the … Continue ReadingTurkey is scrambling all over to avert  currency crisis

Lira’s faith after CBRT rate cut seems ‘unfortunate’
Categories Economy General HIGHLIGHTS HYPED

Lira’s faith after CBRT rate cut seems ‘unfortunate’

Cem CetingucPosted on21 October, 202221 October, 2022

The USD/TRY price has been in a consolidation phase in the past few months and is hovering … Continue ReadingLira’s faith after CBRT rate cut seems ‘unfortunate’

CNBC: Turkey’s lira hits a new record low against the dollar as investors brace for another rate cut
Categories Finance HYPED Markets

CNBC: Turkey’s lira hits a new record low against the dollar as investors brace for another rate cut

Atilla YeşiladaPosted on22 September, 2022

NOTICE:  As we prepared this article for  publication, Central Bank slashed interest rates by another … Continue ReadingCNBC: Turkey’s lira hits a new record low against the dollar as investors brace for another rate cut

Reuters EM FX poll:  TL to drop 16% vs USD
Categories Business Emerging Markets HIGHLIGHTS Markets

Reuters EM FX poll:  TL to drop 16% vs USD

Atilla YeşiladaPosted on10 September, 2022

The outlook for EM FX and TL remains dim … Read More >Reuters EM FX poll:  TL to drop 16% vs USD

Mustafa Sönmez:  Turkey’s economy stands to suffer from euro’s downturn
Categories Economy Emerging Markets General HIGHLIGHTS

Mustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn

Cem CetingucPosted on4 August, 2022

The euro’s slide to parity with the dollar is producing fresh strains for Turkey’s foreign … Continue ReadingMustafa Sönmez: Turkey’s economy stands to suffer from euro’s downturn

Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put
Categories Economy Emerging Markets General HIGHLIGHTS Markets

Reuters: Turkish Lira continues to weaken, Nebati says rates to stay put

Cem CetingucPosted on7 June, 20227 June, 2022

Turkey’s lira slid to beyond 16.55 against the dollar on Monday, bringing its losses to … Continue ReadingReuters: Turkish Lira continues to weaken, Nebati says rates to stay put

Turkish Lira:  Is another crash in the making?
Categories Finance HIGHLIGHTS Markets

Turkish Lira:  Is another crash in the making?

Atilla YeşiladaPosted on9 March, 2022

The Turkish lira declined for a seventh straight day on Wednesday, bringing its losses to … Continue ReadingTurkish Lira:  Is another crash in the making?

Turkish Lira: Doomed to devaluation?
Categories Economy Finance HIGHLIGHTS

Turkish Lira: Doomed to devaluation?

Cem CetingucPosted on2 February, 2022

For investors in Turkey, December 2021 will go down as the month of the white-knuckle … Continue ReadingTurkish Lira: Doomed to devaluation?

FXStreet: USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50
Categories Finance Markets

FXStreet: USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50

Atilla YeşiladaPosted on27 January, 2022

USD/TRY picks up bids to $13.60, reversing the early Asian pullback on Thursday, as market … Continue ReadingFXStreet: USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50

The world’s eighth wonder:  Turkish Lira
Categories Finance HIGHLIGHTS

The world’s eighth wonder:  Turkish Lira

Atilla YeşiladaPosted on27 January, 2022

Turkey’s once-sickly currency, the Turkish Lira has weathered the Fed storm, higher oil prices (Turkey … Continue ReadingThe world’s eighth wonder:  Turkish Lira

Turkey: Central Bank sells over 7 bn dollars in a month
Categories Finance HIGHLIGHTS Markets

Turkey: Central Bank sells over 7 bn dollars in a month

Atilla YeşiladaPosted on8 January, 2022

The Central Bank of Turkey sold 7.28 billion dollars in December to inject liquidity into … Continue ReadingTurkey: Central Bank sells over 7 bn dollars in a month

Turkish Lira on the ropes, againnnnnnnn
Categories Finance General HIGHLIGHTS

Turkish Lira on the ropes, againnnnnnnn

Atilla YeşiladaPosted on6 January, 2022

The rebound of Turkish Lira (TL) vs the American dollar (USD)  proved “transitory”, despite  allegations … Continue ReadingTurkish Lira on the ropes, againnnnnnnn

Central Bank of Turkey chasing pipe dreams
Categories Finance HIGHLIGHTS

Central Bank of Turkey chasing pipe dreams

Atilla YeşiladaPosted on31 December, 2021

Turkey’s central bank will monitor risks related to the foreign exchange market and do what … Continue ReadingCentral Bank of Turkey chasing pipe dreams

Adam Tooze:  What is Erdogan’s game?
Categories General HYPED Politics

Adam Tooze:  What is Erdogan’s game?

Atilla YeşiladaPosted on28 December, 2021

Cover Picture:  Dr Cemil Ertem, chief economic advisor to Presidency, mentioned in the article   … Continue ReadingAdam Tooze:  What is Erdogan’s game?

TL recovery fleeting
Categories Finance HYPED Markets

TL recovery fleeting

Atilla YeşiladaPosted on27 December, 2021

The lira tumbled almost 8% against the dollar on Monday amid persisting investor concern over … Continue ReadingTL recovery fleeting

Erdogan claims success against “currency bubble”, is he right?
Categories Finance HIGHLIGHTS Markets

Erdogan claims success against “currency bubble”, is he right?

Atilla YeşiladaPosted on26 December, 2021

Turkey’s President Tayyip Erdogan said on Friday the government had burst a bubble in the … Continue ReadingErdogan claims success against “currency bubble”, is he right?

Natasha Turak:  Turkish lira whipsaws from historic low after Erdogan announces rescue plan
Categories Finance HYPED Markets

Natasha Turak:  Turkish lira whipsaws from historic low after Erdogan announces rescue plan

Atilla YeşiladaPosted on23 December, 2021

Dollar/TL pair is trading at 11.38-40 at 5 pm Turkey Time.   Despite the lira’s wild … Continue ReadingNatasha Turak:  Turkish lira whipsaws from historic low after Erdogan announces rescue plan

FORTUNE:  Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new  plan to lure Turks away from dollars
Categories Finance HIGHLIGHTS Markets

FORTUNE:  Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new  plan to lure Turks away from dollars

Atilla YeşiladaPosted on22 December, 2021

The Turkish lira’s wild ride continued with a leap of as much as 43% against … Continue ReadingFORTUNE:  Turkey’s lira leaps by more than 40% in a day after Erdogan unveils new  plan to lure Turks away from dollars

Currency crisis hits hard in Turkey
Categories Economy General HIGHLIGHTS Markets

Currency crisis hits hard in Turkey

Cem CetingucPosted on9 December, 2021

Turkey’s deepening currency crisis could mark the definitive end of the country’s economic success story … Continue ReadingCurrency crisis hits hard in Turkey

Deutsche Bank/TRY: carried away
Categories Company & Industry Economy

Deutsche Bank/TRY: carried away

Cem CetingucPosted on7 September, 2021

Deutsche Bank closed its long position recommendation for dollar/TL, which it opened in May, after … Continue ReadingDeutsche Bank/TRY: carried away

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