The Turkish lira is weakening today against the US dollar, which has shown powerful strength in recent days with bond yields rising to new 16-year peaks. The USDTRY is gaining 0.4% after inflation in Turkey came in marginally below expectations, potentially softening the CBRT's stance. Although it has changed dramatically already in recent months - the USDTRY continues its upward trend after a temporary correction.
- Turkey CPI inflation y/y: 61.53% Expectations: 61.6% Previously: 58,94%
- Turkey CPI inflation m//: 4.75% Expectations: 4.8% Previously: 9,09%
Source: xStation5
Chart of the day: EURUSD under pressure after PMI data! 📉
BoJ maintains rates despite hawkish shift in outlook. What next for the USDJPY?
Gold approaches $5,000 as BOJ rides to rescue of bond market and UK retail sales rise
Economic calendar: PMI from Europe and the US in the spotlight (23.01.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
