USD/TRY: Bulls lack conviction to break above 16.00 By pabspiovano USDTRY Turkey Currencies Crosses
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. Progress of the government’s new scheme oriented to support the lira via protected time deposits. Constant government pressure on the CBRT vs. bank’s credibility/independence. Bouts of geopolitical concerns. Structural reforms. Upcoming Presidential/Parliamentary elections.So far, the pair is losing 0.49% at 15.
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