The USD/TRY traded near a high of 18.65500 on the 3of November it moved towards a low of almost 18.36350 briefly. The USD/TRY has actually produced a rather consolidated range in the past few weeks and its bullish run upward which has been a long-term suffering event has seemingly cooled.
. The USD/TRY continues to face many troubling questions regarding Turkey’s fiscal policy and ‘forced’ holding of Turkish Lira within Turkish banks.Criticism of government fiscal policy and central bank mandates regarding interest rates still flourish in Turkey.
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