USD/TRY picks up pace

 

On Friday, USD/TRY extended its monthly rebound for the seventh consecutive session, as the dollar’s rally continues unabated and geopolitical concerns keep the lira on the back foot so far. 

USD/TRY rises due to USD strength and geopolitics USD/TRY rises to new 2022 highs around 15.50. 

The Turkish lira continues to fall, pushing the USD/TRY to new 2022 highs in the 15.50 range on Friday. 

President Erdogan reacted angrily to news that Sweden and Finland will apply for NATO membership amid rising tensions between the West and Russia over the Ukraine conflict.

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