USDTRY

Emerging market currencies are showing different trends against the US Dollar. This morning, the strongest currency was the Peruvian Sol, which gained 0.24%, while the weakest currency was the Thai Baht, which declined by 0.28%. The Turkish Lira also remained weak, with a 0.24% loss, as the USDTRY exchange rate was trading at 36.39 at the time of analysis.

In the short term, when evaluating the USDTRY exchange rate, the 36.15 level stands out as an important support point. If the exchange rate continues to stay above this level, it could have the potential to move towards 36.42, 36.47, and 36.51. Particularly, maintaining above 36.51 could strengthen the current trend. Otherwise, fluctuations may be observed between 36.15 and 36.51. A trend change is not expected unless there is sharp news flow in TL terms. Key levels: 36.15 and 36.51.