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 ...

USD/TRY stays close to highs above 3.5100

The Turkish Lira is losing ground vs. its American peer on Thursday, pushing USD/TRY to fresh daily highs above the 3.5100 handle. USD/TRY up on CBRT, USD-buying The pair picked up buying interest after the Turkish central bank (CBRT) left unchanged its monetary conditions at today’s meeting ...

USD/TRY tumbles to lows near 3.52 on GDP

The Turkish Lira now gathered extra pace and is dragging USD/TRY to test fresh daily lows in the 3.52 region. USD/TRY lower post-GDP figures TRY picked up further buying interest after GDP figures showed the Turkish economy expanded at an annualized 5.0% during the first quarter, more tha ...

TRY underperforming, where next in USD/TRY? – BBH

Analysts at Brown Brothers Harriman explained that the lira continues to underperform.   Key Quotes: "In 2016, TRY fell -17% vs. USD and was behind only the worst performer ARS (-18%).  So far in 2017, TRY is -1.1% YTD and is again ahead of only the worst performer ARS (-1.9%) ...

USD/TRY sidelined around 3.64 post-data

The Turkish Lira is losing some ground at the beginning of the week, taking USD/TRY to the 3.6450 region for the time being. USD/TRY bid after data The pair is extending its consolidative theme around current levels, looking to find some stabilization following the drop from March’s high ...

USD/TRY seen at 3.85 in 6-month – Danske Bank

Senior Economist at Danske Bank Vladimir Miklashevsky expects the Turkish Lira to depreciate towards the 3.85 region vs. the buck. Key Quotes “Inflation rocketed to double-digit territory (10.1% y/y) for the first time since early 2012 as the TRY’s weakness moved into consumer prices ...

USD/TRY weaker, retreats further to 3.6000

The Turkish Lira is gathering further traction at the end of the week, now dragging USD/TRY to fresh lows in the 3.6000 neighbourhood. USD/TRY weaker on USD-selling, CBRT Spot is losing ground for the third session in a row today, coming down to test fresh 2-week lows and extending the rejectio ...

USD/TRY plummets to 2-week lows post-CBRT, around 3.6400

The Turkish Lira is trading on a firm note vs. the buck on Thursday, sending USD/TRY to test fresh lows in sub-3.6400 levels. USD/TRY weaker on CBRT decision TRY accelerated its weekly advance after the Turkish central bank (CBRT) left its monetary policy unchanged at today’s meeting ...

USD/TRY: The calm before the storm

The USD/TRY has been moving in an unusually tight channel since the beginning of the week. In addition to tomorrow's FOMC meeting, Thursday's CBRT decisions will be watched closely by the participants. At the moment, USD/TRY is down 0.035% at 3.7412. FOMC & EM The Fed is widel ...

USD/TRY retreats from highs, still up 1.5% on the day

The upside momentum surrounding the USD/TRY pair has accelerated following the strong ADP data and carried the pair to its daily high at 3.7471. Although the pair gave back some of its earnings after the initial reaction, it's still gaining 1.5% on the day. CBRT signals more tightenin ...

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