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Lira Becoming Worthless Amid Hiked Turkish CPI: USD/TRY Prediction

The USD/TRY exchange rate remained upside following the recent Turkish inflation numbers. The nation’s inflation gained more than 80% last month, following soaring energy prices. Lira continued to be worthless over the last few years. USD-TRY exchange rate remained stable on Monday, following the Turkish inflation figures. Also, the pair climbed towards the 18.22 high, … Read more

GBP/EUR Weakened Amid Bolstered ECB Hike Bets

The euro strengthened regardless of downbeat German data. The euro firmed despite Germany’s trade balance widely missing prediction. The trade surplus declined drastically to 4.9 billion pounds in July, missing the 6.2 billion estimate. Nevertheless, the increased anticipation of another massive rate hike during the next policy conference lent considerable support. Meanwhile, Reuters’ economists revealed … Read more