Lira hits record low level

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours.

The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President. Erdogan has extended his rule in Turkey for a third decade.

In general, the re-election of the current head of state signals to the markets that no major economic reforms would take place. The country has been plagued by boom-and-bout cycles and rampant inflation of more than 90% over the past decade. This year, the Turkish Lira has lost 7% of its value.

The economy is set to remain the biggest challenge of the country's government.
Back to articles

Actual Topics

Thu, 29 Jun 2023 11:20:56 GMT

Update to surge of USD/TRY

It was previously reported that the Turkish Lira reached a record low of 20.0750 on May 29. Since the publication of the report, the USD/TRY surge has gained additional 6.10 or 30.56%.Prior fundamental reasoning for the already occurred surge can be read below. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's

Fri, 26 May 2023 12:42:12 GMT

US publishes higher PCE inflation

The US Bureau of Economic Analysis has just published its monthly Core PCE Price Index. The index was expected to reveal personal consumption expenditures to have increased by 0.3%. The actual increase has been revealed to be 0.4%. The data was already expected to confirm that the US Federal Reserve was not managing in decreasing price inflation in the United

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.