USD/TRY keeps the side-lined trading below 18.00. Türkiye Current Account deficit came at $3.46B in June. US Producer Prices contracted 0.5% MoM in July. USD/TRY reverses two consecutive daily pullbacks and resumes the upside near 17.96 on Thursday. USD/TRY holds on just below 18.00 Bulls keep pushing harder but there seems to be a huge… Read More »
USD/TRY pares recent losses ahead of the key Turkish data. Fed policymakers resist praising downbeat US inflation. Turkiye reported downbeat Unemployment Rate for June previously. Turkish President Erdogan is also up for a speech, Ankara braces for record Current Account Deficit. USD/TRY takes the bids to refresh intraday high around 17.92 amid the initial European… Read More »
USD/TRY keeps the erratic trade just below 18.00. Türkiye Unemployment Rate ticked lower to 10.3% in June. US CPI next of note in the docket. The Turkish lira loses some ground and motivates USD/TRY to resume the upside on Wednesday, always amidst the prevailing multi-session consolidative theme. USD/TRY remains capped by 18.00 USD/TRY fades Tuesday’s… Read More »
USD/TRY adds to Monday’s gains near the 18.00 mark. The lira sheds more than 25% so far this year. Türkiye Unemployment Rate will come next in the docket. The Turkish lira depreciates for the second session in a row and encourages USD/TRY to flirts once again with the key 1800 hurdle on Tuesday. USD/TRY remains… Read More »
USD/TRY grinds higher around yearly top, mildly bid of late. Inflation woes are stronger in Turkey as CBRT resists rate hike. Sluggish session, light calendar limit immediate moves ahead of US CPI. USD/TRY stays mildly bullish around the intraday high of 17.96 heading into Tuesday’s European session. In doing so, the Turkish lira (TRY) pair… Read More »
