Breaking: Turkish central bank hikes policy rate by 475 basis points to 15%

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 475 basis points to 15% from 10.25%.

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Nov 19, 2020

US Initial Jobless Claims Preview: Markets to watch for signs of labor trouble

US Unemployment Claims are set to remain around 700,000, indicating stabilization after a gradual decline, but business closures and restrictions coul

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Nov 19, 2020

USD/TRY tumbles to fresh lows near 7.50 post-CBRT

The buying pressure around the Turkish lira accelerates on Thursday and drags USD/TRY to new 2-month lows in the 7.50 area. USD/TRY weaker on CBRT dec

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