FX:USDTRY   U.S. Dollar/Turkish New Lira
121 4 0
Based on crude incoming bounce
paulselvan
a year ago
hi
as i'm also following this , what's the link between crude and usdtry ?
tnx
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fulowa
a year ago
As far as I can tell and from what I have read, crude is one the major drivers of the risk off sentiment at the moment. So stocks fall when crude falls at the moment. A bounce in crude would likely lead to a short rally in stocks and since USD is also a save heaven currency against TRY, this would cause USDTRY to fall in tandem.
gl
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fulowa
a year ago
Crude at support line, bounce likely
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paulselvan
a year ago
so TRY isnt impacted by crude , but USD..thanks
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