USD/TRY Price News: Turkish Lira awaits CBRT’s bold Interest Rate Decision near 23.50 – by anilpanchal7 USDTRY CBRT Fed RiskAversion CentralBanks
Interest Rate DecisionApart from the pre-CBRT anxiety, the holiday in China and caution before multiple central bank announcements from the UK, Switzerland, Mexico and Indonesia also keeps the USD/TRY traders on their toes.
Additionally, Tuesday’s announcement of a 34% hike in the minimum wage in Turkiye adds strength to the hopes of witnessing a bumper rate increase and a rally in the Turkish Lira . licks its wounds at the monthly low surrounding 102.00 despite Fed Chair Jerome Powell’s failure to convince markets of its hawkish bias.
while refreshing the record top on June 13. The same joins the overbought RSI conditions and recently downbeat MACD signals to lure the Turkish Lira buyers to regain the 20.00 round figure.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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