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Tag: TRY

CBRT takes the focus off BoE and ECB meetings

Turkish central bank needs aggressive hike to settle investors Markets are trading relatively flat ahead of a slew of central bank meetings on Thursday, with the BoE, ECB and CBRT all scheduled to make interest rate decisions. While the Bank of England and European Central Bank would typically steal the spotlight, it’s actually the Central […]

South African Rand Collapse Continues as Hopes on New President Fade

The year started well for the South African rand as traders placed their hopes with the new administration. As the year ended, the regime of the corrupt leader, Jacob Zuma ended and he was replaced by his deputy, Cyril Ramaphosa. Ramaphosa was a favourite for investors. As an accomplished businessman, they believed that he would […]

Weekend Review: The Turkish Crisis Explained

On Friday. World markets were down after Turkey roiled the markets. In the United States, the Dow, S&P, and Nasdaq fell by 0.78%, 0.70%, and 0.65% respectively while in Europe, the Stoxx, DAX, FTSE, and CAC lost 2.05%, 2%, 0.97%, and 1.60% respectively. Today, futures point to a lower open by the major markets in […]

Euro touches lowest in more than a year as Turkey effect continues

Turkey says it has an action plan The EUR touched a 13-month low versus the US dollar as trading got underway this week, with markets preparing for more turmoil involving the Turkish lira. The seemingly unstoppable downward spiral in Turkey’s currency and economy is raising concerns about European banks’ exposures to the country helped spark […]