USD/TRY records a new all-time high near 13.90, recedes afterwards
03.12.2021, 10:52

USD/TRY records a new all-time high near 13.90, recedes afterwards

  • USD/TRY fades an initial spike to the vicinity of 13.9000.
  • Turkey’s inflation rose more than expected in November.
  • The CBRT intervened once again in the FX markets.

USD/TRY advances further and records a new all-time high in the vicinity of 13.90 on Friday.

USD//TRY looks to CBRT, intervention

Following the record tops, the Turkish central bank (CBRT) announced it directly intervened in the FX markets, always citing the “unhealthy price formations in exchange rates” as some sort of justification. Following the CBRT move, spot dropped to the 13.30 region as the lira (apparently) regained attraction.

The lira, in the meantime, continues to suffer the lack of credibility in the CBRT, which keeps undermining the prospects for the currency in the longer run. That’s not even considering the persistent interference of politics in the design of the monetary policy by the CBRT.

In addition, inflation figures in Turkey showed the CPI rose more than expected in November, this time 21.31% YoY and 3.51%, surpassing initial forecasts. Additionally, Producer Prices rose 9.99% inter-month and 54.62% over the last twelve months.

USD/TRY key levels

So far, the pair is losing 0.11% at 13.6106 and a drop below 12.3585 (low Dec.1) would open the door to 11.5451 (low November 24) and finally 11.4583 (20-day SMA). On the other hand, the next up barrier lines up at 13.8746 (all-time high Dec.1) followed by 14.0000 (round level).

 

© 2000-2025. 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