USD/TRY eases to $18.80 amid sluggish markets ahead of FOMC Minutes, CBRT – by anilpanchal7 USDTRY CBRT Fed RiskAppetite Currencies
Index’s first daily positive in three the previous day, down 0.07% intraday near 104.11 at the latest.
Elsewhere, comments from US Secretary of State Antony Blinken and Russian President Vladimir Putin weigh on theand tease USD/TRY bulls as both suggest further tension between Moscow and Kyiv, which also includes indirect participation of the West and China of late. Though, an absence of major updates in Asia seemed to have paused the risk-off mood.
Looking forward, Turkish Capacity Utilization and Manufacturing Confidence for February could entertain USD/TRY traders ahead of the Fed Minutes. However, major attention will be given to Thursday’s CBRT Interest Rate decision for clear directions.Overbought RSI joins the $19.00 psychological magnet to challenge the USD/TRY bulls. The downside moves, however, remain elusive unless providing a daily closing below the 50-DMA support near $18.75.
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