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Name | Symbol | Market | Type |
---|---|---|---|
US Dollar Turkey New Lira | FX:USDTRY | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0148 | -0.05% | 32.5603 | 32.5553 | 32.5653 | 32.6036 | 32.5347 | 32.5702 | 0 | 09:26:49 |
The Turkish Lira traded lower against the U.S. dollar in the European session on Tuesday, after Turkey's central bank maintained its key interest rates unchanged after raising the lending rate and the one-week repo rate in November.
The Monetary Policy Committee, led by Governor Murat Cetinkaya, kept the key lending rate, known as the Marginal Funding Rate, at 8.50 percent and the borrowing rate at 7.25 percent.
The one-week repo rate was also retained, at 8.00 percent.
The Lira slipped to a 5-day low of 3.5425 against the greenback, of its early high of 3.5026. The next possible downside target for the Lira is seen around the 3.59 level.
1 Year US Dollar vs TRY Chart |
1 Month US Dollar vs TRY Chart |
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