USD/TRY extends the consolidation near 13.50, eyes on the CBRT By pabspiovano USDTRY Turkey Currencies Crosses EmergingMarkets
Investors and the lira remain vigilant on the CBRT event.The Turkish lira extends the range bound theme and motivatesPrice action around USD/TRY remains muted for yet another session midweek, always in the mid-13.00s and against the backdrop of increasing cautiousness ahead of the monetary policy meeting by the Turkish central bank on Thursday.
Still around the CBRT, the central bank announced it clinched a 3-year swap deal with the central bank of the United Arab Emirates worth TL64B and AED18B.The pair keeps the multi-session consolidative theme well in place, always within the 13.00-14.00 range at least until the CBRT meeting on Thursday.
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