4:38 PM · 26 October 2020

BREAKING: Turkish lira hit another record low

USD/TRY
Forex
-
-

For the first time in history Turkey's lira fell to a fresh record low past of 8.0880 per USD after President Erdoğan challenged the US to impose economic sanctions after Turkey confirmed on Friday it had been testing the S-400 air defense systems that it bought from Russia. "Whatever your sanctions are, don't hesitate to apply them," Erdoğan said in a speech on Sunday. “You told us to send back the S-400s. We are not a tribal state, we are Turkey.” Also disagreement between Turkey and Greece over maritime rights, ongoing conflict in Nagorno-Karabakh and President Erdogan's personal criticism towards France's President Emmanuel Macron about his views on Islam during the weekend weighed on market sentiment. The lira has lost more than 30% since the start of the year.


USDTRY - Turkish lira weakened significantly during today's session and hit an all-time low of 8.0886 on geopolitical tensions. Source: xStation5

15 October 2025, 6:34 PM

Daily Summary – Wall Street Rally Driven by Powell’s Promises

15 October 2025, 3:11 PM

Fed's Miran signals two more rate cuts this year and disinflationary process🗽

15 October 2025, 10:45 AM

Fed Collins remarks on monetary policy and US economy🏛️EURUSD gains 0.2%

15 October 2025, 7:02 AM

Morning wrap (15.10.2025)

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits