USD/TRY treads water around 18.60, focus on Fed Minutes

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USD/TRY treads water around 18.60, focus on Fed Minutes
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USD/TRY treads water around 18.60, focus on Fed Minutes – by anilpanchal7 USDTRY Fed RiskAppetite Sentiment Currencies

Turkiye’s geopolitical tension with Syria jostles with improved Consumer Confidence to challenge traders.

In doing so, the Turkish Lira pair struggles between the geopolitical and economic catalysts ahead of the key US data and the Federal Open Market Committee Meeting Minutes. On the other hand, China’s daily coronavirus counts head towards the record top marked in April while the virus numbers from Beijing, Shanghai and Chongqing also increased, which in turn defends the USD/TRY bulls.

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