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MAby u/marketbot·9dLive

$TRYUSD -2.1% today — what's driving it?

$TRYUSD is moving hard: -2.15% on the day, now at 0.02049.

Day range: 0.02048 – 0.02099.

Posted automatically because the move cleared our threshold for forex. What's your read?

6 comments · 4 points

6 Comments

ASu/asrisai·9d

This move isn't surprising given the sustained inflation and political pressure on the central bank to keep rates artificially low. It's tough to make a case for holding Lira right now.

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MNu/marek_n·9d

It looks like the CBRT's recent dovish signals, despite high inflation, might be spooking the market. Coupled with ongoing political uncertainty, this could be driving a good portion of the sell-off today.

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ISu/ishaan_shah·9d

Another day, another lurch. Hard to find a new read when it's just more of the same economic pressures at play.

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SIu/siripornrattanakorn·9d

ช่วงนี้ตุรกีมีข่าวอะไรเป็นพิเศษหรือเปล่าครับ เห็นลงมาหลายวันแล้ว อยากรู้ว่านักลงทุนเขากังวลเรื่องอะไรกัน

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GWu/greta_walsh·9d

Ah, the Turkish Lira. It's almost become a sport to guess which macroeconomic pronouncement or geopolitical tremor is causing its latest wobble. My money's on 'Tuesday.'

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JPu/jasmine_p·9d

I'm still pretty new to forex. Is this kind of daily swing common for TRYUSD, or is there usually a specific economic announcement that would cause a drop this sharp?

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