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This may be the turning point for Turkey's currency

REFILE-BUZZ-COMMENT-This may be the turning point for Turkey's currency Adds chart March 21 (Reuters) - After a series of hikes that have lifted Turkey's main interest rate from 8.5% to 50%, the lira has finally staged a meaningful rally. This could be the turning point for Turkey's currency which might draw a lot of demand in an environment that is increasingly favouring carry trades .
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Investors may be drawn to Turkey's slowly falling lira

BUZZ-COMMENT-Investors may be drawn to Turkey's slowly falling lira Feb 29 (Reuters) - Investors may be drawn to the Turkish lira while it drops slowly with the lure of huge rewards thanks to an extremely high interest rate, potentially outweighing the losses that may result from the lira's slide. USD/TRY has risen from 29.65 at the start of 2024 to a new record high at 31.23 this month but with Turkey's interest rate jacked up to 45% on January 25, losses due to lira's slide this year could be
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The end of tightening cycle might save Turkish lira

BUZZ-COMMENT-The end of tightening cycle might save Turkish lira Feb 22 (Reuters) - Perhaps the end of a series of interest rate hikes that have lifted Turkey's main interest rate to 45 percent can end the run on its currency that has driven it to a record low ahead of Thursday's monetary policy meeting. All of the 11 economists polled by Reuters expect the Turkish central bank to end the tightening cycle that has lifted the repo rate from 8.5% last May.
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Cause to question relentless selling of Turkish lira

BUZZ-COMMENT-Cause to question relentless selling of Turkish lira Dec 13 (Reuters) - There's cause to question the relentless selling of Turkey's lira, which has dropped to a record low this month regardless of growing factors that could lead to its recovery. As the lira has slumped below 29 versus the U.S. dollar, it is once again stretching an already extreme situation that has driven it far beyond the unusual limits for a currency - heightening the chances of a potentially big recovery.
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Turkey raises euro rate for medicine prices by 30.5% -Official Gazette

Turkey raises euro rate for medicine prices by 30.5% -Official Gazette ANKARA, July 23 (Reuters) - Turkey has raised the euro-lira conversion rate for medicine prices by 30.5% to 14.0387 lira per euro, the country's Official Gazette showed on Sunday. The updated conversion rate is nearly half the market rate, with the lira standing at 29.9727 against the euro at Friday's close EURTRYD3=R .
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Turkish election leaves lira in a perilous position

BUZZ-COMMENT-Turkish election leaves lira in a perilous position May 15 (Reuters) - The closely fought election in Turkey will fuel uncertainty which is bad news for the lira - while the likelihood that Tayyip Erdogan clings to power is worse as it will allow unorthodox monetary policy to be maintained. While these measures have been enforced the lira has slumped to record lows and thankfully for Turkey it has done so at a relatively slow pace.
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Turkish lira may be approaching a critical mass

BUZZ-COMMENT-Turkish lira may be approaching a critical mass April 14 (Reuters) - Turkish lira may be approaching a critical mass with the potential for extreme volatility rising substantially which could impact broader markets. The lira is at great risk with the prices that buyers are willing to pay over those looking to sell growing significantly. Inverted prices can herald huge movement akin to the situation that developed for the pound in 1992. That the pound which is major and liquid curren
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