Turkish Lira has strengthen after interest rate decision

April 25, 2014 by

TRY dropped to the support level line and touched the lowest support level of 3.5745 short after the Turkish Central Bank (TCB) decided to keep the rate on hold yesterday.

Since then, it has started to weaken again. I believe that, Turkish Lira may need higher interest rate to avoid weakening further more.

gbptry h4 25.04.14