Monday, 22 March 2021

US Dollar Outlook: USD/TRY Volatility Spikes as Lira Implodes

The US Dollar was little changed against key FX peers like the Euro, Pound, and Yen as Treasury yields edged lower, but USD/TRY price action surged as Turkish Lira volatility exploded.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...