CBRT Reserves Fell by $4.08 Billion in the Week Ending October 30

The total reserves of the Central Bank of the Republic of Turkey (CBRT) declined by $4 billion 84 million in the week ending October 30 compared to the previous week. Thus, total reserves fell to $158 billion 107 million. The weekly decline in reserves reflects changes in the central bank's foreign exchange and gold assets. Total reserves showed a significant decrease compared to the previous week, coming in just above $158.1 billion. Market participants assess weekly movements in reserves within the framework of fluctuations in exchange rates and the central bank's market operations. The decline highlights data monitoring regarding the course of reserve management. Total reserves remaining above $158 billion is among the indicators monitored for the external financial buffer. Weekly data are important for tracking changes in the central bank's balance sheet items. Not investment advice.

📊 USDTRY — Piyasa Yorumu

▲ up · 55%

The 4.08 billion dollar decline in CBRT reserves stands out as a development that could create mild pressure on the Turkish lira. However, the price is trading sideways at 50.05 and the 24-hour change is nearly zero; the market does not yet appear to have reacted strongly to this news. RSI is at 60, in the neutral-to-buy zone, while MACD is slightly below its signal line; momentum is weak. The very close positioning of SMA20 and SMA50 indicates short-term directional uncertainty. The reserve decline may create limited upward pressure on USDTRY, but a close above 50.10 should be monitored for confirmation.

RSI 14

60.0

MACD

0.01

24h Δ

0.00%

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