Free Trial

TURKEY: USD/TRY Reaches Fresh Record High, Local Markets Closed

TURKEY
  • USD/TRY has traded higher again today, after muted corporate demand for the lira on Friday contributed to the breach of resistance at 33.00. The pair is 0.15% in the green at typing as a slightly firmer greenback provides a headwind to the wider emerging markets basket.
  • Note that Turkish markets are closed as the nation celebrates Democracy Day. As a result, there are no major data releases or speaker events scheduled for today.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.