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The dollar/lira rose above 50 to a record 50.0268 on November 4, 2026, even as the global dollar fell with the US midterm results. Turkey's October consumer prices rose 2.58% month on month and 29.77% year on year, and the central bank had cut its policy rate by 100 basis points to 36%.
The US 10-year yield fell 6 basis points to 4.906%.
Turkey's domestic inflation and rate policy are pushing the lira weaker despite a softer global dollar, keeping import costs for Turkish feed buyers high.
Not 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.