US Dollar/Turkish Lira (USD/TRY) Exchange Rate
USD/TRY Pivot Points
USD/TRY Latest Updates
Turkey continues to feel the impacts on tourism, a pillar of its economy, and a source of cash, from the global Covid-19 pandemic.
Turkey appears to have the Covid-19 pandemic under control, with new daily cases trending lower.
Turkish President Erdogan canceled proposed lockdown measures for fifteen municipalities, which were supposed to take effect over the past weekend.
Turkey produced the most significant first-quarter GDP data compared against the EU, G20, and OECD members, with a 4.5% annualized growth rate.
After the Turkish Lira plunged to record lows, an event President Erdogan and his government blames on foreign powers attempting to cripple its Covid-19 struck economy,
Turkey’s economy is feeling the devastating impact of the global Covid-19 pandemic.
Turkey is facing increasing pressure from the Covid-19 outbreak, and President Erdogan’s government is under criticism after asking for public donations
A rush to liquidity boosted the US Dollar, with the US Federal Reserve pumping trillions into the financial system.
After the US Federal Reserve executed a panic-inspired 50 basis points interest rate cut, markets are pricing an additional 75 basis point cut
Turkey’s economy is in full recovery mode. The central bank lowered interest rates once again by 50 basis points to 10.75%.
2020 is well-positioned to allow a market-beating economic recovery in Turkey, allowing its currency to strengthen.
Increasing the bright outlook for the Turkish economy in 2020, amid a slowing global one, is the ongoing support of the government to exporters.
Following a strong rally, after this currency pair completed a breakout above its support zone, the upside is exhausted.
Friday’s unexpected strong NFP report out of the US boosted the US Dollar versus the Turkish Lira, but this move may be a short-term event.
Downside momentum is exhausted after the USD/TRY reached its support zone.
Uncertainty over the phase one trade truce between the US and China is growing as markets await more details.
Turkey’s military operation into northern Syria, intended to create a 30 kilometer safe zone for refugees to return and to crack-down on US-allied YPG fighters
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 4, 2018.
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