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USDTRY November 9, 2018 Weekly Analysis

Exclusive Capital Ltd.

The Turkish Lira has noticeably recovered within recent weeks following the massive interest rate hike by the CBT from 17.75% to 24% on September 13. On the contrary, inflation is now running up to 25.2%, meaning that the real interest rate is once again negative (Inflation- key interest) and the CBT must act quickly sending a strong signal to the market for independence. Major support is found at the 5.4184 and resistance at 5.5300-10.

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Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/usdtry-november-9-2018-weekly-analysis/
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