USD/TRY bulls poke 19.00 as global banking crisis joins Turkiye’s geopolitical hardships – by anilpanchal7 USDTRY Politics RiskAversion YieldCurve Currencies
, during their monetary policy meetings, also seem to tame the previous risk aversion. Recently, Goldman Sachs came out with its upwardly revised economic forecasts for China and tried to put a floor under the USD/TRY prices.
Looking ahead, bond market moves and geopolitical headlines from Turkiye may entertain the USD/TRY traders. Also important to watch will be the second-tier US data about employment, manufacturing and housing activities.Bullish MACD signals join the firmer RSI line, not overbought, to keep USD/TRY buyers directed towards the all-time high marked the previous week near 19.10. Alternatively, pullback remains elusive unless breaking the late 2021 peak of 18.40.
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