- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/TRY hits new record highs near 18.00 as lira sell-off continues
USD/TRY hits new record highs near 18.00 as lira sell-off continues
- Turkish lira continues to tumble, down 9% on Monday.
- USD/TRY holds near recent highs, likely to trigger more inflation ahead and caos.
The Turkish lira is unable to find a pause and continues to slide. The USD/TRY reached at 17.95, a fresh record high. It is hovering around 17.85, up 9% for the day. In a week, the dollar rose almost 30%, creating a currency crisis in Turkey.
Turkey’s President Erdogan continued to support his policy during the weekend of cutting interest rates. The Turkish lira opened with declines, and it accelerated the sell-off during the last hours. USD/TRY opened the day below 16.50 and now is looking at 18.00.
The sharp devaluation of the currency will likely boost inflation and could lead even to a major macroeconomic crisis. The current administration is holding onto its speech that is adding fuel to the USD/TRY rally.
“Even a shock rate hike of 10 percentage points or so is unlikely to turn sentiment around near-term. What Turkey needs now is an IMF to help stabilize sentiment but will not happen until things get even worse. As we know all too well, a currency crisis can quickly morph into a solvency crisis as external debt becomes impossible to service”, mentioned analysts at Brown Brothers Harriman.
Domestic factors drive the moves in USD/TRY. Emerging market currencies are posting mixed results as the Turkish crisis so far remains contained.
© 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.
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.
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
