Read more
XTB Online Trading

USDTRY slumps as Turkey limits lira loans to foreign investors

4:41 PM 24 June 2022

Turkey took another attempt at halting depreciation of its currency. Turkish banking regulator introduced new rules requiring domestic banks to allocate very high risk weighting (500%) to TRY loans given to foreign investors. Reasoning behind the move is that it will squeeze TRY liquidity abroad and make it harder for offshore investors to borrow in liras with intent of selling them on the markets. USDTRY slumped back below 17.00 handle and is now trading over 3% lower on the day.

USDTRY slumps back below 17.00 as Turkey attempts to curb lira short selling. Source: xStation5

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app
Share:
Back

Market News

21.03.2025
18:50

Daily summary: Tech stocks rebound, dollar dominates, gold pulls back (21.03.2025)

U.S. indices have recovered most of the losses from today’s opening. The Nasdaq is trading flat, the DJIA is down 0.1%, the S&P 500 falls...

 17:51

Big Tech fuels Wall Street recovery at the end of the week 📈

Big Tech stocks are bouncing back in the middle of Friday's session, pulling U.S. indices out of deep losses. A key catalyst for the recovery was President...

 15:56

EURUSD ticks down on dovish comments from ECB. Another cut in April?

"Everything points towards April cut," said Yannis Stournaras, a member of the Governing Council of the European Central Bank (ECB) for Econostream. Stournaras’...
More news

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

Start trading Download the app Download the app
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