Pashabxl

USDTRY: In a swinging mood but year end target didn't change

FX:USDTRY   U.S. Dollar/Turkish New Lira
USDTRY             is entering into a seasonal period where the country will host a lot of tourist. That is why, despite the lowering of the interest rate, TRY may not jump very high above 2.15 unless there is a geopolitical situation against Turkey or a suprise in the Presidential Election.
At then end of August and with the end of the touristic season, TRY may start again on the rise towards 2.35 which remains the main target for the end of the year.
Serkan Gulec
2 years ago
usdtry
Reply
mucahit06
2 years ago
hi pasha! end of target ?
Reply
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