Turkish Lira Appreciated This Week Upon Improved Geopolitical Prospects

Thursday, 27/09/2018 | 10:44 GMT

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The Turkish Lira appreciated this week upon improved geopolitical prospects as well as some positive comments by President Tayyip Erdogan. The Turkish leader stated further that he is not in favour of high interest rates but this scenario depends on CBT policy. The aforementioned data was perceived as positive by the markets. In contrast, the lira resumed under pressure even above the 6.0000 level. Major support is found at the 6.0000 and resistance at the 6.3820.

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Source: https://www.exclusivecapital.com/usdtry-september-27-2018-weekly-analysis/

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