EUR/TRY — News Archive


Turkish Lira Continues to Recover, Boosted by Qatar Investment

The Turkish lira continued to recover, rising for the third straight trading session against the US dollar and the euro today.

Turkish Lira Rattles Global Financial Markets As Currency Crashes 20%

The Turkish lira cratered more than 20% on Friday after the US government announced it was doubling its tariffs on the country’s steel and aluminum exports. The collapse in the lira sent shockwaves throughout global financial markets, prompting the European Central Bank (ECB) to warn major European banks about being exposed to the Turkish economy.

Turkish Lira at New Record Lows After US Slaps Sanctions on Turkey

The Turkish lira slumped to the new all-time low today after the United States slapped sanctions on Turkey, its NATO ally, over detention of a US pastor.

Turkish Lira Declines After Central Bank Upgrades Inflation Forecast

The Turkish lira fell today after Turkey’s central bank revised its inflation forecast up. The currency declined even as the bank signaled about possibility of an interest rate hike.

Turkish Lira Tumbles After Central Bank Refrains from Interest Rate Hike

The Turkish lira slumped today after the nation’s central bank surprised and disappointed market participants, refraining from increasing interest rates.

Turkish Lira Stable After Central Banks Maintains Tight Policy

The Turkish lira was stable against the US dollar after Turkey’s central bank decided at today’s meeting to keep interest rates unchanged.

Turkish Lira Stable After Central Bank Cuts Interest Rate

The Turkish lira was little changed against the US dollar and the euro today after the nation’s central bank made a surprise decision to cut interest rates, including the key Marginal Funding Rate.

Turkish Lira Holds Ground After Central Bank Maintains Interest Rates

The Turkish lira rose a little versus the US dollar and traded sideways against the euro following yesterday’s decision of the Turkish central bank to hold interest rates steady.

Turkish Lira Drops as Central Bank Refrains from Action

The Turkish lira fell today after yesterday’s decision of the nation’s central bank to keep its borrowing costs stable. Policy makers refrained from action even as inflation accelerated due the drop of the currency.

Turkish Central Bank Boosts Interest Rates, Lira Still Down

The Turkish central bank performed a significant interest rate hike yesterday following the big drop of the Turkish lira. So far, the currency did not respond to the action in any noticeable manner.