USD/TRY clinches an all-time high near 7.70 on Wednesday. Greece and Turkey made progress regarding the Eastern Mediterranean spat. The Turkish central bank (CBRT) meets on Thursday. The Turkish lira remains under heavy downside pressure for yet another session on Wednesday and lifts USD/TRY to a new all-time high in levels just below the 7.70 mark. USD/TRY focused on CBRT The rally in USD/TRY advances to the 7.70 region on Wednesday as market participants remain heavy sellers of the lira. It is worth mentioning that the Turkish currency has so far shed nearly 23% since the start of the year. Also collaborating with the upside momentum in the pair, the sentiment surrounding the dollar is giving no signs of mitigating for the time being. On another front, military officials of both Greece and Turkey have made good progress regarding the Eastern Mediterranean conflict in order to avoid further clashes over energy resources. Looking at the calendar, Powell’s second testimony is coming up next while Turkish Manufacturing Confidence and Capacity Utilization are both due on Thursday ahead of the critical CBRT monetary policy meeting. USD/TRY key levels At the moment the pair is gaining 0.37% at 7.6910 and faces the next hurdle at 7.6940 (all-time high Sep.23). On the downside, immediate support is located at 7.2165 (55-day SMA) seconded by 7.2019 (low Aug.21) and then 6.8139 (monthly low Jul.21). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next 88,000 Bitcoin options are set to expire this Friday: What does it mean for BTC FX Street 2 years USD/TRY clinches an all-time high near 7.70 on Wednesday. Greece and Turkey made progress regarding the Eastern Mediterranean spat. The Turkish central bank (CBRT) meets on Thursday. The Turkish lira remains under heavy downside pressure for yet another session on Wednesday and lifts USD/TRY to a new all-time high in levels just below the 7.70 mark. USD/TRY focused on CBRT The rally in USD/TRY advances to the 7.70 region on Wednesday as market participants remain heavy sellers of the lira. It is worth mentioning that the Turkish currency has so far shed nearly 23% since the start of the year.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.