TRY to EUR Exchange Rates & Currency Deals

Current market bias: Bearish. Key drivers: - The interest rate differential is narrowing as Turkey's Central Bank continues its easing cycle while the European Central Bank has paused rate hikes, reflecting cautious optimism on growth. - Geopolitical tensions, particularly the war in Ukraine, contribute to uncertainty in the Eurozone, impacting the euro's value. - Inflation pressures are significant in both regions, with Turkey facing higher risks while the ECB remains vigilant about inflation's impact on growth. Near-term range: The trading range is expected to remain within current levels but may see fluctuations. What could change it: An upside risk could arise from better-than-expected economic data in the Eurozone, boosting the euro. A downside risk includes renewed inflation spikes in Turkey or continued geopolitical instability, putting further pressure on the lira. --- EUR to TRY is currently bearish as Turkey's rate cuts and ongoing geopolitical tensions weigh on the euro. Expect fluctuations around current levels. Upside risks include positive Eurozone data; downside risks stem from inflation spikes in Turkey or prolonged instability