USD/TRY retreats from fresh record highs near 9.200 amid Erdogan surprised move
14.10.2021, 03:54

USD/TRY retreats from fresh record highs near 9.200 amid Erdogan surprised move

  • USD/TRY continues to march higher near 9.200, new records highs.
  • Turkish President sacks three Central Bank’s policymakers in a sudden way.
  • US Dollar Index holds near 94.00, licking post-CPI wounds.

USD/TRY posts gains for the fifth straight session on Thursday. The cross-currency pair peaked at all times at 9.188 following the previous session’s upside momentum. At the time of writing, USD/TRY is trading at 9.151, up 0.70% for the day.

The Turkish lira fell to its lowest level against the greenback following President Recep Tayyip Erdogan recent action. Erdogan abruptly removed deputy Central Bank Governors Semih Tumen, Ugur Namik Kucuk, and Central Bank’s Monetary Policy (MPC) member Abdullah Yavas in the early hours. The members were replaced by Taha Cakmak as a deputy Central Bank Governor and Yusuf Tuna as an MPC member. The currency has weakened about 19% so far in 2021 amid concerns about the central bank credibility. With inflation, more than 19%, the Turkish Central bank slashed its key interest rates by 100 basis points to 18% following President Tayyip Erdogan’s calls for lower rates.

On the other hand, the greenback retreats from its yearly highs above 94.50 as investors discounts higher US CPI readings and the FOMC insights on Fed’s tapering timeline.

As for now, traders are bracing for the US Initial Jobless Claims to gain fresh trading impetus.

 


 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik