USD/TRY
USD/TRY Goes Past 46.00 As Inflation Cracks “Orthodox” Policies. What Next?
The Turkish lira (TRY) has recently fallen past 46 lira per US dollar, reaching a historic low. Since the start of 2026, the currency has lost approximately 7% of its value.
USD/TRY Hits New Highs Post-FOMC
Current Setup and Live Chart USD/TRY continues to trade in a managed depreciation regime. The Lira remains under pressure, but its weakness is being actively managed by the Central Bank of the Republic of Turkey through strategic interventions at both the liquidity and monetary policy levels.
USD/TRY Forecast Note Ahead of 22 April CBRT Decision
Current Setup and Live Chart As indicated in the last article on this pair, the USD/TRY continues to trade within a managed-depreciation regime. The pair is trading near new record highs, but various interventions by the Central Bank of the Republic of Turkey (CBRT) have defended the Lira from sliding steeply.
USD/TRY Forecast Note for the Week (as of Wed, 8 Apr 2026)
USD/TRY forecasts will be determined by the energy shock, war headlines and expectations of the CBRT rate decision on 22 April.
USD/TRY Forecast Note (current backdrop: mid-March 2026)
Summary:- the current geopolitical turmoil in the Middle East is set to keep the USD/TRY in a modest upside push, in line with the prevailing trend. USD/TRY Forecast: Live Chart and Current Setup The pair is trading at the 44.1-44.2 price range, and sits at the top of that recent consolidation zone as it continues its multi-month grind higher.
USD/TRY forecast: Lira rises ahead of the Turkish Central Bank decision
The Turkish lira rose slightly this week as traders waited for the upcoming CBRT interest rate decision, as the crisis in the Middle East continued. The USD/TRY exchange rate retreated to 44 from the year-to-date high of 44.10.
