CCY - CCY Delayed Price. Currency in TRY
-0.0131 (-0.2726%)
At close: 10:02PM BST
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Previous close4.805
Day's range4.763 - 4.83
52-week range3.3892 - 4.9110
  • Dollar Slips Lower Before Fed Rate Decision
    Investing.comlast month

    Dollar Slips Lower Before Fed Rate Decision - The dollar slipped lower against a currency basket on Wednesday as investors awaited the conclusion of the Federal Reserve’s two-day policy meeting.

  • Investing.comlast month

    Dollar Poised to Snap Three Week Winning Streak as Euro Rises – The U.S. dollar moved off session lows against its rivals but remained under pressure as the euro continued to tack on gains amid expectations the European Central Bank will next week shed light on plans to unwind its massive bond-buying programme.

  • MarketWatchlast month

    Turkey delivers another rate hike, sending currency soaring

    The Turkish lira jumped to a one-week high against the U.S. dollar on Thursday, after Turkey’s central bank delivered a sizable hike to its benchmark interest rate in response to the country’s double-digit inflation — and said it was prepared to tighten further if needed. The Central Bank of the Republic of Turkey upped its one week repo auction rate to 17.75% from 16.5% as it aimed to stabilize prices. This was the CBRT’s second rate hike within just over two weeks, and its third this quarter.

  • MarketWatch2 months ago

    Turkish central bank allows some debt repayments at fixed lira rate

    Turkey’s central bank stepped in to mitigate the fallout from the steep depreciation of its currency on Friday, marking its second such move this week. The Central Bank of the Republic of Turkey Friday said it allowed the repayments of rediscount credits at a fixed exchange rate for the Turkish lira. The credits in question regard export and foreign exchange earnings services that were extended before Friday and are due by July 31, according to the CBRT’s statement.

  • MarketWatch2 months ago

    Here’s how Turkey’s currency woes could undermine Erdogan’s re-election bid

    Turkey is on the verge of a currency crisis that could pose a threat to President Recep Tayyip Erdogan’s re-election bid, and he may have himself partly to blame. The Turkish lira is down around 24% against the U.S. dollar this year, and has dropped some 16% since the beginning of May, according to FactSet data. Erdogan last month called for an election on June 24, nearly a year-and-a-half ahead of schedule, in what was seen as a bid to capitalize on his popularity and consolidate power.

  • MarketWatch2 months ago

    Turkey halts lira’s free fall — but it’s not out of the woods yet

    Turkey’s central bank intervened to halt the free fall of the Turkish lira on Wednesday, but it isn’t clear whether policy makers will be able to stave off a full-fledged currency crisis. The Central Bank of the Republic of Turkey raised its late liquidity window lending rate by 300 basis points on Wednesday, in a surprise move that put a halt to the lira selloff — at least for now. The U.S. dollar had rallied to a historic high against Turkey’s lira (USDTRY)(TRY) on Wednesday, buying 4.9233 lira at the high, before the path reversed on the back of the CBRT’s action and the lira found its feet again.

  • MarketWatch2 months ago

    Turkish central bank hikes lending rate, halts lira drop

    Turkey's central bank hiked its key interest rate by 300 basis points on Wednesday, and managed to stabilize its ailing currency. The late liquidity window lending rate, which is the rate local financial institutions can borrow at, was pushed to 16.5% from 13.5%. The country has been under pressure from a weakening currency, double-digit inflation and a government critical of the central bank.

  • MarketWatch2 months ago

    The dollar rally is punishing emerging-market bonds, after year of record issuance

    Emerging-market bonds are reeling as a result of the dollar’s rebound, which is putting a strain on countries and corporations that found it difficult to resist issuing debt in the U.S. currency. “The dollar remains the single most important consideration for EM finances,” said James McCormack, global head of sovereigns for Fitch Ratings. Issuing dollar-denominated debt instead of government paper in local currencies can often result in cheaper borrowing, as risk-averse investors paid a premium for receiving interest payments in the more stable greenback.

  • MarketWatch2 months ago

    Turkish lira hits historic low as Erdogan eyes control of country’s central bank

    Turkey’s currency hit a fresh historic low against the U.S. dollar Tuesday, after President Recep Tayyip Erdogan said he wanted to take more responsibility for monetary policy in the country, stoking concerns about the independence and credibility of Ankara’s central bank. The dollar last fetched 4.4411 lira (USDTRY)(TRY), up 1.7%, just below its session and historic high of 4.4749. The buck has rallied 9.3% against the lira in May, and 17.1% in the year-to-date, according to FactSet data.

  • MarketWatch3 months ago

    Turkey's lira just hit an all-time low against the dollar

    The Turkish lira hit a new all-time low against the U.S. dollar on Friday, adding the cherry on top of a week filled with negative headlines for Turkish assets. On Tuesday, S&P Global Ratings downgraded Turkey's foreign currency rating to BB-/B, citing risk of a "hard landing" and imbalances in the economy. Deputy Prime Minister Mehmet Simsek criticized the timing of the downgrade weeks before the country's snap presidential election, according to local news.

  • MarketWatch3 months ago

    Here’s why Turkey’s snap election won’t solve all the lira’s problems

    It will take more than a snap election to fix Turkey’s fundamental economic problems or provide more than a temporary lift to the long-suffering lira. Turkey’s currency got a boost last week from President Recep Tayyip Erdogan’s surprise decision to call an early election for June 24 that he’s expected to win. The poll pre-empts a scheduled November 2019 election and victory would grant Erdogan another five years in office.

  • Global stocks rally on growth, earnings outlook; bonds slip
    Reuters8 months ago

    Global stocks rally on growth, earnings outlook; bonds slip

    NEW YORK (Reuters) - Major world equity markets rallied and government bond yields fell on Tuesday as strong corporate profits, steady global growth and low inflation provide scant alternatives for investors outside of stocks.

  • With high inflation, Turkish lira lacks yield buffer
    Reuters9 months ago

    With high inflation, Turkish lira lacks yield buffer

    By Sujata Rao and Ritvik Carvalho LONDON (Reuters) - Recent declines in inflation are providing emerging markets with a substantial yield buffer against volatility caused by domestic politics or rising yields in the West. The one major exception is Turkey. Turkey's lira fell this week after a visa spat erupted with the United States, and its bond yields spiked to their highest since 2009 of around 11.4 percent, according to JPMorgan's GBI-EM index of emerging debt.

  • Dollar Dips as Sterling Rebounds, Turkish Lira under Pressure
    Investing.com9 months ago

    Dollar Dips as Sterling Rebounds, Turkish Lira under Pressure - The dollar edged lower against a basket of the other major currencies on Monday as the pound rebounded after last week’s slump and the Turkish lira was pressured lower by a simmering diplomatic crisis between the U.S. and Turkey.

  • Turkish Lira off the Lows, Remains under Pressure
    Investing.com9 months ago

    Turkish Lira off the Lows, Remains under Pressure - The Turkish lira remained sharply lower against the U.S. dollar on Monday but was off the weakest levels of the session as a brewing diplomatic crisis between the U.S. and Turkey escalated.

  • World stocks ease after setting fresh peaks; oil gains
    Reuters9 months ago

    World stocks ease after setting fresh peaks; oil gains

    By Herbert Lash NEW YORK (Reuters) - World shares edged lower on Monday after key German and U.S. indexes hit fresh record peaks, while oil prices rose slightly on comments by OPEC's secretary general that indicated further possible cuts in crude production. The dollar slipped on Monday from a 10-week peak against a basket of currencies as the euro strengthened and stocks on Wall Street faded from their initial highs. The U.S. dollar rose against the Japanese yen but was lower against the euro and a basket of key currencies after hovering near a 10-week high. ...