USD/TRY sticks to its consolidation range around 13.60 By pabspiovano USDTRY Turkey Currencies Crosses
The domestic currency adds to recent losses, particularly after inflation figures in Turkey showed consumer prices rising more than 48% in the year to January, the highest level since April 2002.
On the latter, finmin N.Nebati sees inflation peaking in April and to start a decline to a single-digit print by June 2023. Nebati’s view of the CPI not hitting 50% will surely be put to the test in the upcoming months, however.The pair keeps the multi-session consolidative theme well in place, always within the 13.00-14.00 range.
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