Daily Archives: June 8, 2014

USDTRY TECHNICAL ANALYSIS

Turkish Lira has fallen to almost -week low against the US dollar at 14.5.2014 The currency’s deprecation follows the Turkish central bank’s decision to cut interest rates a few weeks ago which followed months of aggressive tightening earlier in the year due to the emerging market currency crisis. The renewed pressure on the Lira suggests the market is pricing in…

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