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The dollar traded above 50 lira for the first time on 3 November 2026. Barclays says the central bank raised the monthly lira depreciation pace from 1.6% in September to 1.8% in October, and Turkish mineral fuel imports rose 71.7% to 8.3 billion dollars that month, more than the 6.7 billion dollar trade deficit.
The energy import bill is driving lira depreciation, which raises the lira cost of dollar-priced feed imports for Turkish buyers. Barclays does not expect the pace to slow unless energy prices fall markedly.
talayinsight.comNov 4, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
