US Dollar May Rise Further as Turkish Lira Struggles Resilience
The USD/TRY exchange rate continues on an upward trend, reaching all-time highs. The Turkish lira faces significant challenges amid diverging monetary policies between the Federal Reserve and the Central Bank of the Republic of Turkey (CBRT). Over the past twelve months, the lira has depreciated more than 18%, marking it as one of the weakest currencies in the forex market. Consequently, traders need to assess the potential ramifications of these trends on their investments. Understanding the factors affecting the Turkish lira’s performance can equip investors to make informed decisions. As the situation evolves, maintaining awareness of market shifts is essential for effective trading strategies. Overall, this currency pair warrants close attention as developments unfold.