For the Turkish lira, the story of strengthening is over. Economists at Danske Bank see the USD/TRY pair at the 8.00-8.50 range in three months. Key quotes “USD/TRY to move higher as pricing of a regime shift has faded.” “TRY weakened 10 % after president Erdogan fired the central bank governor Naci Agbal but changing winds for the dollar increased pressure. From here, we see USD/TRY to drift into the 8.00-8.50 range.” “We think slowing inflation and using FX reserves may limit the weakening in TRY spot.” 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 Fed’s Powell: Strongly committed to inflation that averages 2% over time FX Street 8 months For the Turkish lira, the story of strengthening is over. Economists at Danske Bank see the USD/TRY pair at the 8.00-8.50 range in three months. Key quotes "USD/TRY to move higher as pricing of a regime shift has faded." "TRY weakened 10 % after president Erdogan fired the central bank governor Naci Agbal but changing winds for the dollar increased pressure. From here, we see USD/TRY to drift into the 8.00-8.50 range." "We think slowing inflation and using FX reserves may limit the weakening in TRY spot." Top 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.
