Agreement of Turkish lira is the currency lost major points of the currencies of emerging markets that we track followed worries investors about the internal composition of the country. TRY to recover before the time of the election of the country on Sunday, but has reversed some gains after Prime Minister Tayyip Erdogan win the presidential election's first direct national this. The market is worried about the Erdogan's ambitions to influence monetary policy of Turkey and that he could force banks to cut interest rates this country more strongly than expected. This will probably lead to weaker copper TRY in the long term. USD / TRY is trying to rise above and break the boundaries of the sideways trend that it has been trading since January 4 next uptrend could target 2.2450 key resistance in the longer term.
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