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USD/TRY

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The top 10 most volatile currency pairs in 2023

These are the most volatile FX pairs in 2023. Learn how to trade them and use volatility to your advantage.

Board of currencies

CBRT cuts rates despite soaring inflation, weak Lira

After last weeks surprise rate cut by the CBRT, USD/TRY moved to its highest level since December 20th, 2021.

August 22, 2022 08:46 PM
Board of currencies

EM FX: Turmoil in emerging currencies pose big risk to markets

It is worth watching EM currencies closely here as there is a risk we could see further, sharp, selling, which, in turn, could provide a fresh source of threat to the global financial markets.

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Currency prices

Lira slumps further as crude oil nears $122

Lira slumps further as crude oil nears $122

Bank notes of different currencies

European Open: Lira today, ErdoGONE tomorrow

The Turkish Lira hit fresh new lows overnight as President Erdogan fired his Finance Minister (for opposing rate cuts, along with everyone else).

Close-up of market chart

European Open: RBNZ hike, FTSE holds support, Lira in freefall

Technically we suspect the FTSE has seen an important low around 7200 (but we cannot say the same for the flailing Lira). Up later is US GDP and revised consumer sentiment.

The ‘Central Bank of Erdogan’ Sharpens its Rate-Cut Knife

Turkey’s central bank announce their rate decision at 11:00 today. And, if prior meetings are anything to go by, we suspect it will be another lively one.

Graph showing a slow uptrend

USD/TRY explodes through 10. Will it reach 11?

Could this move above 10 just be a “buy the rumor, sell the fact” heading into the central bank meeting?

November 16, 2021 09:17 PM
Market chart showing uptrend

Turkey’s inflation data may embolden Erdogan

The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st!

November 3, 2021 03:32 PM
Federal reserve building

Asian Open: Powell Says its Time to Taper, but Not Raise Rates

Leaving little room for misinterpretation on Friday, Fed Chair Jerome Powell clearly stated that tapering is imminent yet poured cold water on any rate hike occurring soon.

Graphic of trading data chart

Asian Open: Central Bank of Erdogan (CBOE) pulls no punches

USD/TRY won currency of the day to hit new highs after ‘impartial’ President Erdogan’s hand-picked central bankers cut rates by 200 bps despite raging inflation.

Currency exchange rate board of multiple currencies

European Open: Sentiment Sours Ahead of the Open, Turkish Rate Decision Up Next

News that Fitch ratings agency placed 29 Chinese property developers under closer scrutiny seemed to see a sudden inflow into the yen, knocking many crosses from their (overextended) highs.

Currency exchange rate board of multiple currencies

European Open: Sentiment Sours Ahead of the Open, Turkish Rate Decision Up Next

News that Fitch ratings agency placed 29 Chinese property developers under closer scrutiny seemed to see a sudden inflow into the yen, knocking many crosses from their (overextended) highs.

Market chart showing uptrend

USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

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October 18, 2021 06:23 PM
Bank notes of different currencies

USD/TRY at all-time highs

If Turkey continues to threaten retaliation against the Kurdish YPG militants or if there is a continued threat that the CBRT will cut rates once again, USD/TRY may continue to put in all-time new highs

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