Latest USDTRY News
The Turkish Lira continues to depreciate in the second half of the week and is now lifting USDTRY to fresh two-month tops around 5.80.
The Turkish Lira is depreciating vs. the Buck for another session and is pushing USDTRY to weekly tops beyond the 5.61 handle, where some decent resistance has turned up.
Political tussle between the US and Turkey keeps the USDTRY pair above 200-DMA despite broad trade political pessimism surrounding the US Dollar.
After briefly moving above the 5.61 handle, USDTRY met some selling impetus and is now returning to the sub-5.60 region.
In this USDTRY analysis, the Turkish Lira is picking up further pace today and pushes the pair to fresh tops in beyond the 6.10 mark.
Today's Forex trade opportunities discussion reveals great insights into the market, as it encompasses a mixture of fundamental and technical analyses.
The central bank in Turkey has recently raised overnight marginal funding rate. Will the Turkish central bank rate hike help to stabilize the currency?
Tensions are growing between the United States and Turkey. How does this impact USDTRY movements? Find the answer in this USDTRY forecast from Swissquote.