# Dollar/lira nears 50 as energy and fund crisis mounts pressure

> The Turkish lira lost about 21% on an annualized basis in October, according to MUFG's November FX outlook, with the dollar/lira rising from 49.016 to 49.945 over the month. The dollar traded near 49.99 on November 3, while the lira's weakness is tied to higher energy costs and a domestic investment fund scandal.

- Date: 2026-11-03 · published 2026-11-03T12:11:16.651Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/77584-dollar-lira-nears-50-as-energy-and-fund-crisis-mounts-pressure
- Commodities: [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

Lira depreciation raises the local-currency cost of imported feed ingredients for Turkish buyers, and rising energy costs add to the pressure on feed and farm input prices.

## Read by commodity

- USDTRY: bullish ▲

## Sources

- yatirimmasasi.com: https://yatirimmasasi.com/en/news/dollar-lira-nears-50-as-energy-and-fund-crisis-mounts-pressure/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.