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USD/TRY Outlook: Turkish Lira Falls Further On News From CBRT/Stronger Dollar
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Ukraine Hryvnia. United Arab Emirates Dirham. Uruguayan New Peso. US Dollar. Vanuatu Vatu. Venezuelan bolivar. West African CFA franc. Yemen Riyal. It is evident that he will continue to run the institution as long as he is president, choosing to install someone who is in line with his economic thinking. The former governor Naci Agbal ostensibly disagreed, and this gave investors confidence that Turkish monetary policy would tighten and inflation and prices would soon stabilize.
Trade US Dollar / Turkish Lira CFD
Maya Senussi, a senior economist at the consultancy Oxford Economics, told The London Guardian that the selloff in the lira, the stock market, and any other asset linked to Turkey would persist. Not only does it likely herald a premature easing of policy in the short term, the [central bank] leadership has now been removed once too often, leaving the bank with no credibility. With forex reserves left bare, it is going to be challenging for policymakers to resuscitate the currency.
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