Search results for "TRY"

Analysis: Trump's firing of Powell may trigger a crisis similar to the Turkish lira, leading capital to flow into BTC and stablecoins.

Trump's plan to fire the chairman of the Federal Reserve may lead to capital flowing into assets like Bitcoin. After Turkish President Erdogan fired the central bank governor, the central bank's intervention caused the currency to collapse, leading to capital flowing into BTC. The dollar index has fallen by 10% and has dropped to 98. If Powell is fired, it may further drive the adoption of assets like Bitcoin.
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pump.fun: In the next 48 hours, it is recommended that American users try to avoid accessing the platform

Odaily Planet Daily News: pump.fun has issued an official statement on X platform, saying, 'PSA: If you are a sensitive American, please avoid visiting pump fun in the next 48 hours. The storm is coming.' This may imply that the platform is subject to regulatory and access restrictions in the United States.
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The lira rose after Turkey's central bank raised interest rates

On April 17, the Turkish lira rose after the Turkish central bank raised the policy rate to 46.0% from the previous 42.5%. It also raised the overnight rate from 46.0% to 49% and the overnight rate from 41.0% to 44.5%. Turkey's central bank said it expects monthly inflation in core goods to rise slightly in April due to recent developments in financial markets. The arrest in March of Turkish President Recep Tayyip Erdogan's rival Ekrim Imamoglu led to a sharp sell-off in Turkish assets, including the lira, before Turkey's decision to raise interest rates.
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Deutsche Bank: The pressure on the Turkish lira has not eased yet.

Analysts at Deutsche Bank point out that the Turkish Lira faces continued falling pressure, and policymakers may intervene to maintain the exchange rate floor. He warned that losses in forex reserves are unsustainable, believing that the Lira may continue to depreciate amid ongoing political turmoil or after rivals are detained.
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Kathryn Macro: The Central Bank of Turkey may not cut interest rates until the end of the first quarter of 2025.

The Central Bank of Turkey, as expected by analysts, maintained the Intrerest Rate at 50%, and the depreciation of the Turkish lira narrowed slightly. The Central Bank of Turkey reiterated that it will maintain a tight monetary policy until a significant and sustained decline in monthly inflation trends is observed. Nicholas Far, an economist at Capital Economics, said in a report: There is no clear sign from the Central Bank that it will cut interest rates soon. The speed of inflation decline in the coming months will be slow, and it may not be possible to cut interest rates until at least the end of the first quarter of 2025.
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The decision of the Central Bank of Turkey on the Intrerest Rate is imminent, and the trend of the lira remains stable.

On October 17th, Jinshi data, the Turkish lira stabilized, and investors are looking forward to the later decision on the Intrerest Rate of the Central Bank of Turkey. Frantisek, an analyst at the Dutch International,
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Kaiyuan Macro: It is unlikely that the Central Bank of Turkey will start an interest rate cut cycle before the beginning of next year.

The Central Bank of Turkey maintained the Benchmark Interest Rate at 50%, with no clear signs of starting to cut interest rates. Macro economists at Capital Economics pointed out that the Central Bank needs to further advance the process of inflation falling before turning to a loose monetary policy. The pace of inflation decline may be slower than expected, and it is unlikely to cut interest rates for the first time before early 2025.
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German bank: The risk of interest rate cuts by the Central Bank of Turkey will cause the lira to continue fluctuating

On September 19, Jinshi Data reported that due to the risk of Turkish President Erdogan once again calling for a rate cut, the Turkish lira remains unstable, according to Deutsche Bank. Tata Goss, a currency analyst at Deutsche Bank, said in a report that due to Inflation remaining high, the Turkish Central Bank is unlikely to cut interest rates at the moment. He said that the credibility of the Central Bank's policy is increasing, which may ultimately help the lira. "However, the main risk is that if achieving political victory quickly becomes a top priority, such as holding early elections, then the political leadership will lose patience and disrupt this restrictive policy combination."
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Deutsche Bank: If political unrest continues, the Turkish Lira may fall.

Analysts at Deutsche Bank have stated that if protests are sparked by the detention of Turkish President Erdogan's rival, Imamoglu, and political uncertainty continues, the Turkish lira may weaken, leading to negative international impacts. The lira is expected to continue depreciating, increasing inflation, and Deutsche Bank has raised its USD/TRY exchange rate forecast to 42.0 and 46.0.
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The Central Bank of Turkey issues liquidity bills to support the lira.

Jin10 reported on March 21 that the Central Bank of Turkey stated it will issue liquidity bills with a maturity of no more than 91 days to support the Turkish lira, with the liquidity bill auction starting on March 24.
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The South Korean investigative department failed to arrest Yin Xiyue, and may try again within the remaining 3-day validity period.

According to reports, the Korean investigation department may attempt to arrest Yoon Seok-yul again before the expiration of the arrest warrant, which is January 6th. At that time, it is still unknown whether the arrest operation will fail if Yoon Seok-yul takes the same attitude and instructs the security department to resist. After the expiration of the arrest warrant, the investigation agency may continue to apply for an arrest warrant and continue to attempt to arrest Yoon Seok-yul after obtaining permission from the court.
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Bored with the market? Try out some recent confirmed airdrop mini-games.

Play games to earn Airdrop during leisure time.
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Analyst: The Turkish lira faces further fall risks.

On March 19, Jin Shi Data reported that Taborski from ING stated that after the arrest of Turkish President Erdogan's main rival, the Turkish lira is facing further decline. Taborski noted that the lira has the most carry trade positions among emerging market currencies, and significant fluctuations could lead to further capital outflows. However, "we should see local banks provide some forex support." Erdogan has long held an unorthodox view that high interest rates exacerbate Inflation.
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The Turkish Lira has fallen 10% against the US Dollar, hitting a new historical low.

Golden Finance reports that the Turkish lira has fallen 10% against the US dollar, dropping below the 40 mark and setting a new historical low.
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The opposition leader's detention triggers the Turkish stock and foreign exchange markets.

The Turkish lira has depreciated to a record low, the stock market fell and triggered a circuit breaker, and the president's rival was detained. Erdogan is trying to adjust Turkey's position and influence its trading partners. In the future, attention should be paid to the redefinition of Turkey's economic goals and its position in the global economy.
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The Turkish lira falls below the 37 mark.

On March 19, Jinshi Data reported that the Turkish Lira quickly fell against the US Dollar to an exchange rate of 37.05.
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Turkey suffers a double blow in stocks and currency!

On March 19, Jinshi Data reported that Turkey's benchmark stock index fell, triggering the circuit breaker mechanism. The exchange rate of the Turkish Lira against the US dollar fell to 36.85, continuing to hit a historic low. Earlier reports indicated that Turkey's President Erdogan's main rival was detained.
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Turkey introduces stricter Cryptocurrency Anti-Money Laundering regulations

BlockBeats news, on December 25th, according to Cointelegraph, Turkey introduced new Crypto Assets regulatory legislation in the last week of 2024, inspired by the proactive regulatory developments in major jurisdictions such as Europe globally. According to the published documents, the new regulations require transactions exceeding 15,000 Turkish Lira (approximately 425
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The dYdX community voted to add the TRYToken proposal to dYdXChain.

According to BlockBeats, on September 18th, dYdX Foundation announced on X that the dYdX community has voted to add TRY on the dYdX Chain.
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Gold is expected to resume its upward trend, so keep an eye out for a breakout of this level! International copper prices may face a reversal, and crude oil is facing the largest pullback this year, focusing on the support here!