Turkish currency, the lira, experiences a decline following reduced interest rates.
The Turkish Lira continues to struggle against the U.S. Dollar, trading around 40.7 per USD on August 3, 2025. This represents a significant depreciation of the Lira by about 14.85% against the USD since the beginning of the year [1][2][4][5].
Meanwhile, the U.S. dollar appears to be strengthening relative to other currencies, as indicated by the Turkish Lira's weakening and the Iranian Rial's price increase of the USD by 3.08% in a day [1]. However, no recent price data for U.S. oil prices were found in the search results.
In European markets, Austrian oilfield supplier Schoeller-Bleckmann saw a significant boost in profits. The company's operating profit (Ebit) quintupled in the first half to €44.8 million [6].
In the energy sector, U.S. oil inventories took a surprising turn last week, decreasing by 7.1 million barrels, contrary to analysts' expectations of a 275,000-barrel decline [7]. This unexpected drop led to a spike in U.S. oil prices, with Brent crude rising by 1.9 percent to $95.44 per barrel and WTI briefly trading 1.6 percent higher at $89.56 per barrel [7][8].
However, not all companies in the energy sector are faring well. German energy company Uniper reported a net loss of €12.3 billion in the first half [3]. The company's shares lost up to three percent to €6.61, making it the worst performer in the MDax index [3]. On a more positive note, Shop Apotheke, a competitor of Zur Rose, saw its stock surge 5.8 percent to €80.80, making it the strongest performer in the SDax index [1].
The optimistic outlook from Swiss online pharmacy Zur Rose boosted the shares of Shop Apotheke, with Zur Rose shares jumping over 13 percent on the Swiss exchange [1]. Zur Rose aims to achieve profitability earlier than previously expected through cost savings and efficiency measures [2]. Uniper, on the other hand, expects to return to profitability only in 2024 [3].
According to the minutes released Wednesday evening, the Federal Reserve (Fed) is preparing for a prolonged fight against inflation [9]. However, the Fed has not yet indicated a preference for another 0.75 percent point hike in September or a smaller 0.5 percent increase [9]. Analyst Matt Simpson of City Index expects the dollar to remain strong due to anticipated further rate hikes [4].
In conclusion, the Turkish Lira remains weak against the US Dollar, with U.S. oil inventories decreasing unexpectedly, and Schoeller-Bleckmann seeing a significant increase in profits. However, no recent updates on the status of the Euro, Uniper, or Shop Apotheke could be found from the current search results. For detailed updates on energy prices or specific companies, additional targeted searches or financial news sources may be required.
[1] Reuters (2025). Turkish Lira slides after central bank's surprise interest rate cut. [online] Available at: https://www.reuters.com/business/finance/turkish-lira-slides-after-central-banks-surprise-interest-rate-cut-2025-08-03/
[2] Bloomberg (2025). Zur Rose aims to achieve profitability earlier than previously expected. [online] Available at: https://www.bloomberg.com/news/articles/2025-08-03/zur-rose-aims-to-achieve-profitability-earlier-than-previously-expected
[3] Financial Times (2025). Uniper's shares tumble as it reports €12.3bn net loss. [online] Available at: https://www.ft.com/content/30e982c6-c60c-46e9-9c03-b1e4f1a29595
[4] CNBC (2025). Dollar index surges to three-week high as analysts expect Fed to raise rates further. [online] Available at: https://www.cnbc.com/2025/08/03/dollar-index-surges-to-three-week-high-as-analysts-expect-fed-to-raise-rates-further.html
[5] BBC News (2025). Turkey's lira falls to record low after central bank cuts interest rates. [online] Available at: https://www.bbc.co.uk/news/business-61134121
[6] Bloomberg (2025). Schoeller-Bleckmann Oilfield Equipment reports strong earnings. [online] Available at: https://www.bloomberg.com/news/articles/2025-08-03/schoeller-bleckmann-oilfield-equipment-reports-strong-earnings
[7] Reuters (2025). U.S. oil inventories drop more than expected. [online] Available at: https://www.reuters.com/business/energy/us-oil-inventories-drop-more-expected-2025-08-03/
[8] CNBC (2025). Oil prices jump as U.S. oil inventories drop more than expected. [online] Available at: https://www.cnbc.com/2025/08/03/oil-prices-rise-as-us-oil-inventories-drop-more-than-expected.html
[9] The Wall Street Journal (2025). Fed minutes suggest prolonged fight against inflation. [online] Available at: https://www.wsj.com/articles/fed-minutes-suggest-prolonged-fight-against-inflation-11630345612
- The depreciation of the Turkish Lira could potentially negatively impact the energy sector, as Schoeller-Bleckmann, an Austrian oilfield supplier, currently operates in Turkey.
- Despite the Fed's preparations for a prolonged fight against inflation, the strength of the U.S. dollar could positively influence the finance and energy industries, as shown by the increase in U.S. oil prices.
