CBRT Gross Reserves Rise After Three-Week Decline

According to the International Reserves and Foreign Currency Liquidity Developments data released by the Central Bank of the Republic of Turkey (CBRT), official reserve assets increased by 1.9% compared to the end of last month. Thus, total gross reserves reached $161.1 billion. The increase came after reserves had declined for three consecutive weeks. The data point to a monthly recovery in official reserve assets. International Reserves and Foreign Currency Liquidity Developments is among the indicators regularly published by the CBRT regarding its reserve position. The announced figure reveals that gross reserves recorded a 1.9% increase compared to the level at the end of last month. This rise in reserve assets indicates that the previous three-week downward trend has ended. Total gross reserves were thus recorded at $161.1 billion. Not investment advice.

📊 USDTRY — Piyasa Yorumu

▲ up · 55%

The rise in the Central Bank of the Republic of Turkey's (TCMB) gross reserves following a three-week decline signals that pressure on the Turkish lira has eased somewhat and could create a mildly downward trend for USDTRY. However, the price is trading just above the sma20 and sma50 levels, the RSI is at 62 in the neutral-positive zone, and the MACD is above its signal line, indicating that the current upward momentum has not yet broken. The reserve increase alone is not a strong foreign exchange sell signal; only a limited reaction should be expected in the short term. In the 1-3 day outlook, the news impact may be weak to moderately downward, but direction uncertainty is high given mixed technical indicators. Therefore, a slightly downward-biased neutral-to-upward mix is more realistic rather than a cautious 'up'; nonetheless, 'up' was selected with limited confidence for the JSON direction.

RSI 14

62.7

MACD

0.01

24h Δ

-0.00%

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