-Today’s softer than expected inflation figures will likely fuel concerns of policy easing, with the central bank given more room to lower interest rates.
-Taking a look at the chart, the path of least resistance is higher USD/TRY with volatility likely to pick up heading into both the July and August meetings. Naturally above the swing high of 8.7775, the focus will be on the psychological 9.000 handle.
-Taking a look at the chart, the path of least resistance is higher USD/TRY with volatility likely to pick up heading into both the July and August meetings. Naturally above the swing high of 8.7775, the focus will be on the psychological 9.000 handle.