TRY to EUR Exchange Rates & Currency Deals

Current market bias: Bearish. Key drivers: - The interest rate gap is widening, as Turkey's Central Bank could continue to ease rates while the ECB remains on hold, adding pressure on the TRY. - Ongoing geopolitical tensions related to Ukraine are affecting the euro's stability, creating uncertain trade dynamics. - Turkey faces significant inflation pressures, with a target of 16% for 2026, indicating economic challenges ahead. Near-term range: EUR/TRY is likely to trade within a stable range above its 3-month average. What could change it: Upside risks include stronger macroeconomic indicators in the Eurozone, while downside risks may arise from a deeper economic struggle in Turkey due to external debt and persistent inflation. --- EUR/TRY shows a bearish trend, reaching 90-day highs near 50.55. Rate differentials favor potential TRY weakness as Turkey may ease rates further. Watch out for eurozone macro data and Turkey's economic struggles, as they affect exchange costs for travelers and businesses