USDTRY is entering into a seasonal period where the country will host a lot of tourist. That is why, despite the lowering of the interest rate, TRY may not jump very high above 2.15 unless there is a geopolitical situation against Turkey or a suprise in the Presidential Election.
At then end of August and with the end of the touristic season, TRY may start again on the rise towards 2.35 which remains the main target for the end of the year.
At then end of August and with the end of the touristic season, TRY may start again on the rise towards 2.35 which remains the main target for the end of the year.