# Turkish lira hits record low as Argentine and South African currencies come under pressure

> The Turkish lira fell more than 8% against the U.S. dollar and briefly reached a record low, despite central-bank measures to provide liquidity and lower reserve requirements. The Argentine peso and South African rand also weakened sharply, while the Russian ruble fell and the dollar index edged lower.

- Date: 2026-11-08 · published 2026-11-08T06:10:29.279Z
- Category: macro · region Emerging markets · magnitude low
- Page: https://feedsoft.ai/events/87054-turkish-lira-hits-record-low-as-argentine-and-south-african-currencies-come
- Commodities: [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency depreciation can raise the cost of dollar-priced feed imports and other agricultural inputs in Turkey, Argentina and South Africa. The report gives no indication of a direct change in commodity supply or demand.

## Read by commodity

- DXY: bearish ▼
- USDARS: bullish ▲
- USDTRY: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-27 | [South African rand firms as dollar sinks to a month low - Markets - Business Recorder](https://feedsoft.ai/events/41694-south-african-rand-firms-as-dollar-sinks-to-a-month-low-markets-business.md) | -0.5% | +1.2% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| DXY | 2019-04-29 | [Asian Currencies: Thai Baht, Singapore Dollar, Turkish Lira, Indonesian Rupiah In Review](https://feedsoft.ai/events/59826-asian-currencies-thai-baht-singapore-dollar-turkish-lira-indonesian-rupiah-in.md) | -0.2% | +0.5% |
| DXY | 2026-01-28 | [Fed holds rates with stocks at record highs, dollar under pressure, and Powell in the crosshairs \| Fortune](https://feedsoft.ai/events/20964-fed-holds-rates-with-stocks-at-record-highs-dollar-under-pressure-and-powell-in.md) | +0.4% | +0.3% |

## Sources

- yesdaily.com: https://www.yesdaily.com/xinwen_86773.html

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