The USDTRY rose to new highest since mid-Dec 2021 on Monday and broke through pivotal Fibo barrier at 16.41 (76.4% of 18.33/10.20) pullback that adds to positive signals. Lira came under fresh pressure after Turkey CPI data last week showed that inflation rose to 73.5% in May from 70% previous month, also hurt by surging […]
The post USD/TRY: Turkish Lira Weakens Further and Eyes Record Low for Retest appeared first on Action Forex.
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