Forecast: Turkish lira to grow


September 20, Fineko/abc.az. The growth of economic and political risks in the eurozone leads to decrease in the EUR/USD exchange rate.

ABC.AZ reports that according to the analysis, the recent wave of decline may continue to $1.16.

The repeated strengthening of the US dollar in the Forex markets also leads to decline in the sterling/US dollar exchange rate, and it is expected that it will continue to $1.36.

The Turkish lira also continues to be under pressure until a new decision on interest rates. Thus, the USD/TRY exchange rate, which has grown by more than 3% over the past week, is projected to continue to grow to 8.79 TL.