USD/TRY set to reach the 19 handle by end-Q2 – TDS

Market news

20 May 2022

USD/TRY set to reach the 19 handle by end-Q2 – TDS

USD/TRY climbed about 4% last week, breaking above the 15 handle for the first time since December. Economists at TD Securities expect the pair to hit the 19 level by the end of the quarter.

Risks align for further upside moves in USD/TRY

“Risks seem to be aligning for further upside moves in USD/TRY.”

“We continue to forecast 19.00 by end-Q2, suggesting hikes may be approaching.”

Currencies. Daily history for Friday, May 20, 2022

Commodities. Daily history for Thursday, May 19, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.