Turkish Lira Strengthens To 2-month High Versus U.S. Dollar
24 Abril 2017 - 1:57AM
RTTF2
The Turkish Lira gained ground against the U.S. dollar in the
European session on Monday, as the demand for emerging assets
improved after France's centrist Emmanuel Macron attained victory
in the first round of French Presidential election.
Investors breathed a sigh of relief after the election outcome,
which showed that Macron and far-right leader Marine Le Pen would
face-off in the final round on May 7.
The Lira climbed to 3.5796 against the greenback, its strongest
since February 24. The next possible upside target for the Lira is
seen around the 3.4 region.
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