USD/TRY: Bulls and bears jostle around 19.00 as US inflation looms – by anilpanchal7 USDTRY RiskAppetite Inflation YieldCurve Currencies
rkiye and the US. Also likely to restrict the pair’s moves could be the cautious mood ahead of the key US inflation data, namely the ConsumerIt’s worth noting that a slump in the Turkish Current Account Balance for January, to $-9.849B versus $-5.91B, allowed the USD/TRY pair to print the first daily gains in three despite the broad US Dollar weakness. dropped the most since mid-January as fears emanated from the Silicon Valley Bank and the Signature Bank.
Alternatively, the recently downbeat concerns surrounding the Federal Reserve’s policy pivot, especially after the recent US government efforts to rescue the SVB and the Signature Bank seem to challenge the USD/TRY traders amid a sluggish session. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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