The USD/TRY exchange rate continued its strong rally this week even as the US Dollar Index (DXY) continued its downtrend.

Turkey's lira is caught in a tug of war between foreign investors, who cheered a big rate rise and government reform promises and locals who remain cautious and are stocking up on gold and dollars.

Turkish policymakers are no strangers to unexpected action when in a tight corner, but analysts said Thursday's surprise interest rate hike could herald a change of tack on monetary policy.

Türkiye's benchmark BIST 100 index opened Monday at 11,533.23 points, marking a strong rise of 2.11%, or 238.75 points, as investor optimism continue ...

Turkey’s Vestel is considering swapping lira loans for hard currency to manage costs and hedge against lira depreciation, ...