Bulls remain vigilant above the 17.00 mark

USD/TRY trades close to 2022 highs near 17.40. Turkey Capacity Utilization dropped to 77.6%. Türkiye Manufacturing Confidence deteriorate in June. The Turkish currency extends its march south for yet another session and keeps USD/TRY bid near the area of ​​YTD peaks above 17.30 on Friday. USD/TRY now focuses on inflation USD/TRY navigates the third consecutive … Read more

Bears regain the upper hand following recent peaks near 16.50

USD/TRY comes under selling pressure, still above 16.00. Investors continue to digest the latest CBRT event. Focus now shifts to next weeks GDP and CPI figures. USD/TRY now looks consolidative in the upper end of the recent range and trades close to recent yearly peaks near 16.50. USD/TRY now looks to upcoming key data The … Read more