USD/TRY Price & Performance (USDTRY)

The Turkish Lira continues to struggle as political instability in the country intensifies. The recent arrest of Istanbul Mayor Ekrem Imamoglu has sparked widespread protests and concerns over democratic practices. Meanwhile, the Central Bank of Turkey has intervened with significant measures, but market confidence remains shaken, driving USD/TRY higher.123

Despite aggressive interventions by Turkey’s Central Bank, including interest rate hikes and foreign reserve sales, the lira remains under pressure. The political crisis, combined with inflation concerns, has led to significant market volatility. Analysts warn that the economic outlook remains uncertain as protests and policy challenges persist.453

The US Dollar’s strength, fueled by steady Treasury yields and Federal Reserve policy, has compounded the challenges for the Turkish Lira. Political unrest in Turkey and concerns over inflation have kept USD/TRY elevated, as investors remain cautious about the lira’s future stability.678