USD/TRY remains bid and approaches 10.0000
12.11.2021, 14:11

USD/TRY remains bid and approaches 10.0000

  • USD/TRY rises to 9.9800 on Friday, new all-time high.
  • Turkey Retail Sales rose 1.2% MoM in October.
  • Industrial Production surprised to the downside.

The Turkish lira remains well on the defensive and lifts USD/TRY closer to the psychological 10.0000 mark on Friday.

USD/TRY now looks to CBRT

USD/TRY navigates the fourth consecutive session with gains at the end of the week and corrects lower after climbing as high as the 9.9800 level, or a new all-time peak.

The firmer stance in the greenback in past sessions, particularly in response to the multi-decade spike in inflation recorded during last month, sponsored the investors’ exodus from the EM FX space along with the rest of the risk-linked assets and put the lira under extra pressure.

Earlier on Friday, Turkey’s finmin L.Elvan ruled out speculations that the government was deliberately aiming at a weaker lira in order to support the country’s export sector, while he added that the economy could expand more than 9% this year and that the current account deficit is seen below 2% by year end.

In the domestic data space, Retail Sales expanded at a monthly 1.2% in October and 15.9% from a year earlier, while Industrial Production expanded 8.9% in the year to September. Additional data saw the End Year CPI Forecast rising to 19.31% (from 17.63%).

USD/TRY key levels

So far, the pair is gaining 0.62% at 9.9452 and a drop below 9.5911 (20-day SMA) would expose 9.4722 (monthly low Nov.2) and finally 9.4128 (weekly low Oct.26). On the other hand, the next up barrier lines up at 9.9794 (all-time high Nov.12) followed by 10.0000 (psychological level).

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik