Slow start ahead of the eventful week
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Today the central bank of Turkey cut its interest rate from 24% to 19.75% (vs. 21.5% expected).
Have a wonderful week ahead!
What’s going on in the world of emerging market currencies? Let’s find out.
Technical analysis of EUR/TRY
At the moment, USD/TRY is targeting the resistance at 6.2.
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With many political and economic uncertainties in the country, we may just wonder whether the local elections on March 31 will help the government to keep the lira under control.
USD/TRY has been trying to recover since the end of January.
We have come to the second month of 2019 and it’s time to take a deep breath after the crazy run of the year, evaluate what has already happened and make some precisions on the upcoming months.
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Learn how to trade GBP/USD and USD/TRY!