USD/TRY refers to the US Dollar/ Turkish new lira currency pair. TRY is the currency used in Turkey and in Turkish administered Northern Cyprus....
USD/TRY is an exotic currency pair, with comparatively low trading volume, which is not widely used in global financial transactions. The Turkish lira was revalued in 2005, as part of far- reaching economic reform, including privatization and a tough monetary policy designed to reduce spending. The revaluation of the TRY was designed to combat exceptionally high inflation. The new Turkish lira was introduced and from this point on, 1 TRY became the equivalent of 1 million of the old Turkish liras. Today, the TRY has no explicit peg but has historically been pegged to the British pound French franc and the US dollar. At various times, Turkey has actively intervened in the foreign exchange markets to bolster the value of the TRY. Over the years, Turkey has faced geopolitical and economic challenges, an ongoing debt crisis, and rising inflation, combined with strong political pressure to reduce interest rates. The Turkish economy has also been struggling with rising credit default swaps due to limited currency reserves and negative real interest rates.
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The USD/TRY exchange rate recorded slight increases at the start of European trading. The pair has seen a shift over the past two weeks of trading from slightly
Get the Signals of the USD/TRY pair and the buy and sell levels for today, April 10, 2025 here.
The USD/TRY pair rose less than 38 lira at the beginning of the week's trading, after a series of measures taken by the Turkish Central Bank during the end of last week.
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The Turkish lira extends its downward trend, with USD/TRY hitting new highs, despite President Erdoğan's optimism about economic growth and foreign investments.
The Turkish Lira pair against the dollar stabilized in trading near its all-time low in early trading on Thursday morning. The pair's trading stabilized
The USD/TRY pair has maintained its stability throughout this week's trading, with trading confined to a limited range between 35.20 and 35.40 over the course of this week's trading.
USD/TRY steady at 35.42 as Turkish authorities support the lira despite a 250 bps rate cut to 47.5%.
USD/TRY rises to 35.42 as Turkey’s monetary easing and economic measures drive continued lira weakness, targeting 35.50 resistance.
USD/TRY holds steady, supported by Turkey's improved inflation outlook, with an uptrend targeting 34.75 and 35.00 amid ascending price channel dynamics.
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USD/TRY stabilizes near 34.50 amid expectations of Turkish monetary easing, inflation challenges, and technical support from an upward trendline.
The US dollar pair varied against the Turkish lira during today's trading, while the lira had recorded fairly good gains during yesterday evening's trading.
The US dollar rose slightly against the Turkish lira in early trading on Monday, although the pair did not surpass the peak recorded last month at 34.41 lira.
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The USD/TRY pair increased before the start of European trading this Monday morning, as the Lira lost some of its slight gains recorded at the opening of the markets this morning.
The USD/TRY pair has been trading within a narrow range for several weeks, with the Lira showing a slight upward trend compared to yesterday. Currently, markets