Read more
7:58 AM · 30 March 2021

Chart of the day - USDTRY (30.03.2021)

USD/TRY
Forex
-
-

Turkish lira is trading lower against the US dollar and euro today. Currency is weakening after Recep Erdogan, President of Turkey, fired CBRT Deputy Governor Murat Cetinkaya today. Move comes one week after Erdogan fired CBRT Governor and appointed a new one. Turkish monetary policy continues to be highly unpredictable in the medium term due to frequent interventions by President Erdogan and weakening of the domestic currency highlights it perfectly.

Taking a look at USDTRY chart at D1 interval, we can see that the pair has broken above the 78.6% retracement of a downward move started in November 2020 and is slowly approaching a recent high at 8.41, reached after firing of CBRT Governor last week. The pair trades around 3.5% below its all-time high at around 8.5670.

Source: xStation5

9 December 2025, 6:41 AM

Morning Wrap (09.12.2025)

8 December 2025, 6:53 PM

Daily summary: Dollar rebounds on hawkish cut expectations, equities turn red (08.12.2025)

5 December 2025, 4:30 PM

3 markets to watch next week (05.12.2025)

5 December 2025, 1:32 PM

BREAKING: Lower Unemployment in Canada🍁USDCAD sharply declines📉

Join over 2 000 000 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