USD/TRY bounces off lows near 4.03 post-CBRT

The Turkish Lira appreciated to fresh 3-day tops post-CBRT. The pair’s weekly upside found resistance above 4.11 so far. The CBRT raised the LLW to 13.50% from 12.75%. The Turkish Lira has faded the initial post-CBRT spike and is now helping USD/TRY to retake the positive territor ...

USD/TRY volatile in the near term – Danske Bank

Vladimir Miklashevsky, Strategist at Danske Bank, assessed the prospects for the Turkish Lira in the next weeks. Key Quotes “Inflation remains sticky. High inflation and rising TRY volatility have erased hopes of near-term monetary easing and are keeping the central bank hawkish despit ...

USD/TRY: The best technical chart these days – Rabobank

Piotr Matys, EM FX Strategist at Rabobank, explains that escalating market concerns about trade wars and bullish comments from White House economic adviser Larry Kudlow, who boldly declared that he would buy “King Dollar”, lifted USD/CEEMEAs with gains led by USD/TRY and followed b ...

USD/TRY: Bullish breakout – Rabobank

The Turkish lira is once again under selling pressure falling sharply against the US dollar to a new year-to-date low and weakening versus the euro to a record low, points out the research team at Rabobank. Key Quotes “While the external backdrop is less conducive for risky assets due t ...

USD/TRY moves closer to 3.81 on CBRT decision

Turkish central bank (CBRT) leaves rates unchanged at today’s meeting. TRY depreciates to the vicinity of 3.81 in the wake of the CBRT decision. US ADP, Trade Balance results and the Fed’s Beige Book in centre stage. The Turkish Lira is depreciating vs. the greenback on Wednesda ...

Turkey: CBRT set to maintain tight monetary policy conditions – Rabobank

According to analysts from Rabobank, Turkish policy makers are likely to maintain current monetary policy parameters unchanged on March 7. They see a strong commitment to tight policy due to persistently high inflation, which is on track to end this year well above the official 5% target. Ke ...

USD/TRY: Sell-off in Turkish stocks to trigger bullish break – Rabobank

Piotr Matys, EM FX Strategist at Rabobank, suggests that while USD/TRY has been trading sideways so far this year, the sell-off in Turkish stocks may provide sufficient upside traction to trigger a break higher that would set the USD on the course to a new all-time high versus the lira. Key Quote ...

USD/TRY faces further volatility near term – Danske Bank

Vladimir Miklashevsky, Senior Economist at Danske Bank, recommended a cautious approach to the Turkish Lira. Key Quotes “We see more volatility in the TRY in the short term as the Fed is likely to hike in March 2018, becoming more hawkish for the rest of 2018”. We remain cautious in th ...

USD/TRY offered post-CPI, near 3.7650

Turkish CPI rose 1.02% MoM in January. USD/TRY supported near 3.7580. Turkey industrial production next on tap. The Turkish Lira is appreciating vs. the greenback on Monday, taking USD/TRY to the mid-3.7600s following the release of inflation figures. USD/TRY finds decent support near 3.758 ...

USD/TRY toying with session tops beyond 3.5900

The Turkish Lira is sharply lower vs. the greenback on Tuesday, allowing USD/TRY to print fresh 2-day tops beyond 3.5900 the figure. USD/TRY higher on USD-buying The solid performance around the greenback as of late has been helping the pair to rally from 2017 lows in the 3.3840 area (earl ...

USD/TRY flirting with daily highs near 3.4500

The Turkish Lira is losing momentum on Tuesday, now helping USD/TRY to climb to fresh tops in the vicinity of the 3.4500 area. USD/TRY bid after data The spot is adding to yesterday’s gains after inflation figures in Turkey tracked by the CPI showed consumer prices rose more than expecte ...

USD/TRY cautious in the medium/long term – Danske Bank

Analysts at Danske Bank keep the cautious approach on USD/TRY, seeing it higher near 3.80 in a 6-month’s view. Key Quotes “We see good prospects for the TRY in the short term supported by encouraging macro fundamentals and attractive carry, while staying more cautious in the medium t ...

USD/TRY retreats from highs, back near 3.5400

The Turkish Lira is trading on a negative fashion at the start of the week, with USD/TRY testing tops around 3.55 albeit deflating a tad afterwards. USD/TRY higher post-CPI TRY stays offered on Monday, dropping to 2-week lows vs. the buck, after Turkish inflation figures came in below expectation ...