USD/TRY treads water around $18.90 ahead of CBRT Interest Rate Decision – by anilpanchal7 USDTRY RiskAppetite Fed CBRT RussianFederation
y Thursday. The quote’s latest inaction could also be linked to the pullback in the US Dollar and mixed concerns surrounding Türkiye.
To battle with the natural calamity, the Turkish government unveiled a temporary wage support scheme on Wednesday and banned layoffs in 10 cities to protect workers and businesses from the financial impact of the massive earthquake that hit the south of the country, per Reuters. retreats from the weekly high, down 0.16% intraday to 104.35, as the US Treasury bond yields lack momentum during Japan’s holidays.
Against this backdrop, S&P 500 Futures bounced off the monthly low to print mild gains around 4,020 whereas the Treasury bond yields remain sidelined amid off in Japan. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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