USD/TRY refreshes all-time-highs above 19.80, US Biden-McCarthy negotiations eyed

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USD/TRY refreshes all-time-highs above 19.80, US Biden-McCarthy negotiations eyed
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USD/TRY refreshes all-time-highs above 19.80, US Biden-McCarthy negotiations eyed – by Sagar_Dua24 USDTRY Fed DollarIndex RiskAppetite InterestRate

The USD Index has found some support as US President Joe Biden is scheduled to meet House of Representatives Kevin McCarthy for further negotiations on the US debt-ceiling on Monday. However, investors are still worried that approval for an increase in the US borrowing cap won’t be a cakewalk.

and labor enforcement programs by an average of 22%. Therefore, a bipartisan deal is less likely and US President Joe Biden could consider an exercise of his 14S&P500 futures have squared-off entire losses posted in Asia, portraying a recovery in the risk appetite of the market participants. The overall market mood is turning bullish as the Federal Reserve is set to pause its policy-tightening spell in June.

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