FxWirePro: USD/TRY hovers towards 1-1/2 month peak, likely to break above 6.8700
The Turkish Lira declined, halting a 2-day winning streak as the greenback rose against a basket of currencies. The dollar nudged higher after Federal Reserve officials expressed concern that rising coronavirus cases cou…
The Turkish Lira declined, halting a 2-day winning streak as the greenback rose against a basket of currencies.
The dollar nudged higher after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures begin to expire.
USD/TRY is trading 0.2 percent up at 6.8644, having hit a high of 6.8767 on Friday, its highest since May 19.
Immediate resistance is located at 6.8695, any close above could take it above 6.8824.
On the downside, support is seen at 6.8574 and break below could take it near 6.8475.
