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The Turkish Lira is still struggling to make headway post US-election day. On that faithful day prices peaked at 3.6915 but ever since, the EUR/TRY has been unable to achieve much. We are currently quoted at 3.7042, barely above that post-election high.
On our second chart below we see that the pair has made very little change during December. We opened that month at 3.6445 and we are now at 3.7042, a move of only 1 percent. This underscores the range-bound nature of this pair during this year.
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On our second chart below we see that the pair has made very little change during December. We opened that month at 3.6445 and we are now at 3.7042, a move of only 1 percent. This underscores the range-bound nature of this pair during this year.
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