USD/TRY is trying the positive trend after the increasing speculation of FED’s interest increase. United States’ strong manufacturing data is rising expectations for an interest increase by FED, so USD is earning value. There is a general expectation which was stated by FED official, there would be observed about three interest rate increase by FED until the end of 2017. According to the financial experts, the possibility of interest increase exceeded the 7/10 level at the end of October. Last week, the parity has tested 3,11 level with the presidential system debates and some geopolitical developments in Turkey. Today, Turkey's sectoral confidence indices will be released for the month of October. In the USA, we will follow consumer confidence index in near future.
- Date: 25 October 2016 Tue 10:41
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