Tuesday, November 10, 2026

Technicals

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USD/TRY slips despite weak Turkey data

Turkey deficit sharply wider at USD 6.75bln in May vs 4.97bln in April USD/TRY edges lower from today's 2.7100 high at 2.6932 after trade data Weak confidence shrugged off yesterday, traders sidelined watching Greek news…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • Turkey deficit sharply wider at USD 6.75bln in May vs 4.97bln in April

  • USD/TRY edges lower from today's 2.7100 high at 2.6932 after trade data

  • Weak confidence shrugged off yesterday, traders sidelined watching Greek news

  • US 10 yr yield eases slightly, rate hikes getting priced out, setting-up potential big reaction to likely decent NFP result

  • Coupled weak local data, seems prudent to buy USD/TRY dips 

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By FxWirePro Team