Turkey Balance of Trade
Since 1947, Turkey's trade balance has been negative. The trade deficit increased 36.8% to USD 76.7 billion in 2017 from the previous year, as imports increased 17.7%, the fastest increase since 2011, while exports increased at a slower rate of 10.2%. Turkey's primary exports include road vehicles, textiles, iron and steel, apparel, and food, while its primary imports include machinery and transport equipment, manufactured products, mineral fuels and lubricants, and chemicals. China, Russia, Germany, South Korea, Switzerland, India, Iran, and Japan have recorded the highest trade deficits, while the largest trade surpluses were with Iraq, the UAE, the United Kingdom, Israel, Syria, Northern Cyprus, and Azerbaijan.
A higher than expected figure should be seen as positive (bullish) for the TRY while a lower than expected figure should be seen as negative (bearish) for the TRY.
Forex Sentiment (TRY)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURTRY |
|
|
14.5097 -200496 pips |
32.8986 +16607 pips |
34.55930 | |
| USDTRY |
|
|
20.0196 -124610 pips |
29.7856 +26950 pips |
32.48060 | |
| GBPTRY |
|
|
0 -401269 pips |
40.5832 -4563 pips |
40.12691 |
News (TRY)
Turkey Maintains Policy Rate At 45% Under New Governor
The Turkish central bank left its benchmark rate unchanged at the first policy meeting under the governorship of Fatih Karahan after a slew of rate hikes, and signaled that the rate will be maintained at the current level or will be tightened further in case of persistent deterioration in the inflation outlook.
RTTNews | 57 days ago
Turkish Central Bank Slows Pace Of Tightening
Turkey's central bank raised its benchmark rate by 250 basis points on Thursday to combat high inflation but the pace of tightening was reduced as policymakers assessed that it is close to the level required to establish the disinflation course. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, governed by Governor Hafize Gaye Erkan, decided to raise the one-w
RTTNews | 120 days ago
Turkish Central Bank Takes U-Turn By Lifting Key Rate By 650 Bps To 15%
Turkey's central bank raised its key interest rate for the first time in more than two years on Thursday, and massively, in the first meeting chaired by its newly appointed chief with the aim of establishing disinflation immediately and anchoring the inflation target. The Monetary Policy Committee, headed by the new Governor Hafize Gaye Erkan, decided to hike the policy rate by 650 bps to 15%.
RTTNews | 302 days ago
