TRY to AUD Exchange Rates & Currency Deals

Current market bias: The AUD to TRY exchange rate is currently bullish. Key drivers: - The Reserve Bank of Australia is likely to raise interest rates due to rising inflation, enhancing the AUD's appeal. - The Central Bank of the Republic of Turkey continues its monetary easing, which may weaken the TRY. - Positive economic indicators from Australia, coupled with rising commodity prices, favor the AUD. Near-term range: Expect the AUD/TRY to trade at recently elevated levels, suggesting potential continued upward movement. What could change it: Upside risks include further commodity price increases boosting the AUD, while a sudden shift in Turkey's economic policy or worsening inflation could impact the TRY negatively. --- AUD/TRY eyes bullish trend as RBA plans rate hike amid rising inflation. With Turkey’s easing policy, expect continued upward pressure on the TRY. However, policy shifts or inflation in Turkey may counteract gains. Stay tuned! #FX #audtry