USD/TRY picks up further pace and clinches new highs near 15.50 By pabspiovano USDTRY Turkey Currencies Crosses
Turkey Industrial Production expanded 9.6% YoY in March.The Turkish lira continues to grind lower and liftsUSD/TRY extends the monthly rebound for the seventh consecutive session on Friday, as the rally in the dollar remains unabated and geopolitical concerns keep the lira on the back foot so far.
Data wise in Turkey for the month of March, Retail Sales expanded 0.3% MoM and 2.5% over the last twelve months. In addition, Industrial Production expanded at an annualized 9.6%, surpassing initial estimates.USD/TRY keeps the upside well and sound for yet another session and already left behind the 15.00 barrier.
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