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DCFX-TA

USDTRY - Preparing for a dip?

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Dolar A.S. / Lira TurkI (OANDA:USDTRY)  
DCFX-TA  
OANDA:USDTRY   Dolar A.S. / Lira TurkI
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  • The Turkish lira under pressure from inflation data in the country.

  • June consumer price index rose from 0.89% to 1.94% MoM and from 16.59% to 17.53% YoY. As a result of the partial lifting of quarantine restrictions and an increase in raw material prices, inflation in Turkey has reached two-year highs, which does not give hope for the start of lower interest rates by the country's central bank until the end of this year.
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