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Latest News

USD/TRY forecast: Lira implodes amid weak Turkish macro data

The Turkish lira continued its freefall this year and is hovering at its record low, a trend that may continue after the recent macro data from the country. The USD/TRY exchange rate rose to 43.85, up by 2.2% from where it started the year. Turkey has released weak macro data lately  The Turkish lira has

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Asia’s oil reliance puts currencies under pressure, says ING

Asia’s heavy reliance on Middle Eastern oil is emerging as a significant economic vulnerability, leaving the region susceptible to prolonged supply disruptions, according to ING Group.  While current inflation risks are largely contained, the prospect of higher energy import costs is set to weaken trade balances, placing currencies like the Philippine Peso (PHP), Thai Baht

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