Turkish lira Analysis News Losses for the Turkish lira deepened last week after Ankara’s deteriorating relationship with Washington – The Senate Foreign Relations Committee last week passed the Risch Bill, which aims to impose sanctions on Turkey for its purchase of Russian-made S-400 missile defenses and its latest offensive in Syria. Turkish lira slide to its weakest level in daily…
Turkish lira analysis In the past two weeks, good news has flowed into the Turkish lira Turkish lira soared nearly 2.8 percent Monday to its strongest level since April after President Tayyip Erdoğan said he heard from U.S. President Donald Trump there would be no sanctions over Turkey’s purchase of Russian S-400 defense systems Turkey’s exports hit a record $88.2…
Turkish lira analysis On Sunday, 31 March 2019 Turkish local elections will perform Turkey has made it virtually impossible for foreign investors to sell the lira As an indication of how bad the liquidity crunch is, the cost of borrowing the lira overnight in the offshore market surged more than 10-fold over the last two days to the highest since…
Turkish lira analysis The last movie we saw in the Turkish lira stabilizing against the US dollar After Turkish lira has already lost nearly 40 percent of its value last year against the dollar, from the last negative record we see recovered, Are we going to get a new era on Turkish lira price or its only halt? Turkey’s economic…
Is the Turkish lira on A temporary respite The last move we see in the Turkish lira stabilizing against the US dollar, After Turkish lira having already lost nearly 40 percent of its value this year against the dollar, It has since recovered somewhat but is still down some 30 percent, year-to-date. Are we going to get a new era…
Turkish lira analysis After Turkish lira having already lost nearly 40 percent of its value this year against the dollar, we saw a big recover and Turkish lira traded below 6 again -yesterday Turkish lira rate finished the day on 5.31 price Turkish lira per 1 USD – The Turkish lira firmed as far as 5.31 against the USD, its best…
Turkish lira analysis after Turkish lira having already lost nearly 40 percent of its value this year against the dollar, we saw a big recover and Turkish lira traded below 6 again – today rate standing on 5.53 Turkish lira per 1 USD – The Turkish lira firmed as far as 5.53 against the USD, its best level since AugustTurkey caved in…
Turkish lira analysis TURKEY inflation rates soared to nearly 25 percent, latest data and political issue (American pastor that’s been detained in Turkey on terrorism charges could be released next month.The trial will take place on 12 October – The odds are now much more of a 50/50 probability event that has been the case ahead of previous hearings) only deepen the growing currency crisis…
Turkish lira analysis Turkish lira had become the world’s most unstable currency this year but is becoming more stable with volatility falling towards levels last seen prior to a political crisis with the United States in early August. Turkish lira traded at levels of the volatility of below 30 percent on Monday, down from around 80 percent just a few…
Turkish lira technical analysis The Turkish lira since last month’s trading, which reached unprecedented levels, cannot recover – the story there is not yet over for me – reached an all-time high of 7.10 in August of 2018 the decline was being driven by the downgrade of Turkey’s currency by credit rating agencies S&P and Moody’s late Friday, this step…