Get started
DCFX-TA

USDTRY - Preparing for a dip?

Short
U.S. Dollar / Turkish Lira (OANDA:USDTRY)  
DCFX-TA  
OANDA:USDTRY   U.S. Dollar / Turkish Lira
Fundamental Analysis Trend Analysis Multiple Time Frame Analysis liqudity liquiditypool
1
0
fundamental trendanalysis mtfa liqudity liquiditypool
  • The Turkish lira under pressure from inflation data in the country.

  • June consumer price index rose from 0.89% to 1.94% MoM and from 16.59% to 17.53% YoY. As a result of the partial lifting of quarantine restrictions and an increase in raw material prices, inflation in Turkey has reached two-year highs, which does not give hope for the start of lower interest rates by the country's central bank until the end of this year.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.