Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

The Turkish lira at its lowest levels as the central bank continues its monetary easing policy

The USD/TRY exchange rate reached 36.5325 on Friday, February 21, 2025, marking its highest level ever. The price is currently hovering around 36.5000 lira per dollar. The Turkish lira has depreciated by approximately 4% since the beginning of the year, and forecasts indicate continued weakness in the coming period.

Recent economic data from Turkey suggest some economic slowdown, as:
• The annual Consumer Price Index (CPI) in Turkey slowed to 42.12% in January, higher than expectations (41.25%) but lower than the previous reading (44.38%).
• The annual Producer Price Index (PPI) declined to 27.20% in January, lower than the previous reading (28.52%).
• The Manufacturing Purchasing Managers’ Index (PMI) dropped to 48.00 in January, indicating contraction and falling below the previous reading (48.10).
• Exports declined to 21.20 billion Turkish lira, below both expectations (23.46 billion) and the previous reading (22.25 billion).
• Retail sales growth slowed to 0.4% on a monthly basis, down from the previous reading of 1.9%.

Expectations suggest that the Turkish central bank will continue cutting interest rates in the coming period, having already reduced them by 50 basis points from December 2024 to January 2025, bringing the rate down from 50% to 45%.

From a technical perspective, the upward trend for USD/TRY appears dominant in the near term, especially with continued positive momentum. The Relative Strength Index (RSI) currently stands at 77, indicating overbought conditions. Additionally, the 20-day, 50-day, and 200-day moving averages are aligned in an upward direction, with the 20-day average surpassing the 50-day average, and the 50-day exceeding the 200-day. Furthermore, a bullish crossover recently occurred between the MACD indicator (blue) and the Signal Line (orange), reinforcing the upward momentum of the USD/TRY pair.

Please note that this analysis is provided for informational purposes only and should not be considered as investment advice. All trading involves risk.

Back

Popular Posts

Japanese Yen Under Pressure: Upcoming Elections and Record Debt

FTSE 100 Index Maintains Historic Uptrend Despite Global Challenges

With market optimism and U.S. congressional support: Bitcoin eyes unprecedented levels

Silver Prices Continue to Rise, Outperforming Gold and Global Indices

Lorem Ipsum

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Here are some related articles you may find interesting:

Market Insights​

July 18, 2025

Japanese Yen Under Pressure: Upcoming Elections and Record Debt

The USD/JPY pair continues its upward trend, reaching 149.19 on Wednesday, July 16 — the highest level since April 3, 2025. It is currently trading...

Market Insights​

July 17, 2025

FTSE 100 Index Maintains Historic Uptrend Despite Global Challenges

The UK’s FTSE 100 index rose to a record high of 9,042 points on Tuesday, July 15, 2025. It has gained approximately 20% since the...

Market Insights​

July 16, 2025

With market optimism and U.S. congressional support: Bitcoin eyes unprecedented...

Bitcoin prices reached a new all-time high of $123,279 on Monday, July 14, 2025. The cryptocurrency has surged 26% since its recent low of $98,000...

Market Insights​

July 15, 2025

Silver Prices Continue to Rise, Outperforming Gold and Global Indices

Silver continues its upward trend, having reached $39.13 yesterday — the highest level since September 22, 2011. The main challenge ahead lies in breaking through...

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

We’re Sorry

Access to tradetaurex.com
is unavailable in your region

tradetaurex.com is required to abide by global laws and therefore the information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Myanmar, Belgium, Spain, France, Japan, South Korea or any particular countries and is not intended for distribution to, or use by, any person in an country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Live account Registration

1 Hour Trading Consultation

Chat on WhatsApp
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.