USD/TRY reverses from five-week top as US dollar weakens on market optimism By anilpanchal7 USDTRY RiskAppetite Politics CentralBanks Currencies
Biden-Putin summit, Blinken-Lavrov talks favor hopes of a diplomatic solution to the Ukraine-Russia tussles.
The Turkish lira pair refreshed a five-week high early in the Asian session before taking a U-turn from $13.78. Other than the geopolitics, recently easy Fedspeak also weighs on the USD/TRY prices. That said, Chicago Fed President and FOMC member Charles Evans said on Friday that the current Fed policy had been "wrong-footed" in the face of high inflation, but may not need to become restrictive. On the other hand, New York Federal Reserve Bank President John Williams and the No.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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