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US Dollar/Turkish Lira (USD/TRY) Exchange Rate
USD/TRY Pivot Points
USD/TRY Latest Updates
2020 is well-positioned to allow a market-beating economic recovery in Turkey, allowing its currency to strengthen.
Increasing the bright outlook for the Turkish economy in 2020, amid a slowing global one, is the ongoing support of the government to exporters.
Following a strong rally, after this currency pair completed a breakout above its support zone, the upside is exhausted.
Friday’s unexpected strong NFP report out of the US boosted the US Dollar versus the Turkish Lira, but this move may be a short-term event.
Downside momentum is exhausted after the USD/TRY reached its support zone.
Uncertainty over the phase one trade truce between the US and China is growing as markets await more details.
Turkey’s military operation into northern Syria, intended to create a 30 kilometer safe zone for refugees to return and to crack-down on US-allied YPG fighters
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 4, 2018.
See the recommendation for the USD/TRY pair with this Forex signal before the day is done.