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
Daily Summary: End of an Extremely Intense Week (19.06.2026)
Three markets to watch next week: EURUSD, OIL, NASDAQ (19.06.2026)
Market wrap: Limited volatility and a strong dollar
Chart of the day: GBPCHF snaps back on retail sales recovery 🇬🇧 📈 (19.06.2026)