USD/TRY: Bears regain the upper hand following recent peaks near 16.50 By pabspiovano USDTRY Turkey Currencies Crosses
Investors continue to digest the latest CBRT event.now looks consolidative in the upper end of the recent range and trades close to recent yearly peaks near 16.50.The beleaguered Turkish currency manages to regain some buying interest and forces USD/TRY to recede to the negative territory for the first time after five consecutive daily advances on Friday. It is worth mentioning that the lira is down around 23% vs. the greenback so far this year.
So far, price action in the Turkish currency is expected to gyrate around the performance of energy prices, the broadExtra risks facing TRY also come from the domestic backyard, as inflation gives no signs of abating, real interest rates remain entrenched in negative figures and the political pressure to keep the CBRT biased towards low interest rates remain omnipresent.: FX intervention by the CBRT.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
USD/TRY stays firmer at yearly top above 16.00 ahead of CBRTUSD/TRY extends the run-up towards a record high ahead of the CBRT Interest Rate decision, sidelined around the yearly peak heading into Thursday’s Eu
Consulte Mais informação »
WATCH: Pastor forced to step down after getting confronted over affair with 16-year-old girlA pastor of an Indiana church stepped down from his role Monday night after he admitted to having an affair with a minor.
Consulte Mais informação »
The 16 Best Maternity Pants to Wear for Every Occasion, According to ExpertsWear these styles to the office, a casual brunch or just to lounge about.
Consulte Mais informação »
Houston County real estate transfers May 16-19, 2022Seller, buyer, property location, total purchase price, date
Consulte Mais informação »
This iOS 16 concept video will get you hyped up for WWDC 2022A new iOS 16 concept video shows the update of our dreams, complete with interactive widgets and an app switcher.
Consulte Mais informação »