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USDTRY new ALL TIME high

TURKISH LIRA

USDTRY extends through new all time high, and it's been a one way move of 11.52% from the August low for the pair.

  • Main focus here is the CBRT rate decision tomorrow, which is widely expected by most Economist to remain unchanged at 8.25%.
  • Looking at some of the estimates provided last week, TD is going for a 75bps hike to 9%,
  • Resistance is now at the psychological 7.70, USDTRY is 7.68.

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