USDTRY

Emerging market currencies continue to show varying performances against the US Dollar. Today, the weakest currency, the Peruvian Sol, depreciated by 0.41%, while the strongest currency, the Philippine Peso, gained 0.22%. The Turkish Lira, with a 0.06% decline, is among the weaker currencies and is trading at around 36.29 at the time of the USD/TRY analysis.

In the short-term USD/TRY assessment, as long as it remains above the lower point of the 1. Envelope indicator at 36.08, optimism may continue. This could create a movement range towards 36.33, 36.38, and 36.45 levels. However, maintaining above 36.45 could strengthen the current trend. Otherwise, a consolidation process between 36.08 and 36.45 may occur. A trend change is not expected unless there is significant news flow in TL terms. Key levels: 36.08 and 36.45.