USD/TRY pushes further and prints new all-time peaks near 18.55 – by pabspiovano USDTRY Türkiye Currencies Crosses
The rally in the dollar keeps the upside pressure well in place in the pair.Extra depreciation in the lira sustains another uptick inUSD/TRY extends the march north on the back of the unabated rally in the greenback, which in turn appears well underpinned by investors’ repricing of the Fed’s tightening plans.
It is worth recalling that Ankara’s hopes of taming inflation are based on an economic programme that prioritizes low interest rates to support exports, production and investment, all aimed at restoring the current account surplus.USD/TRY keeps its move upwards well and sound, surpassing the key 18.50 level to clinch another all-time peak on Wednesday.
In addition, the lira is poised to keep suffering against the backdrop of Ankara’s plans to prioritize growth and the improvement in the current account.Eminent issues on the back boiler
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