Turkish Lira Trades At 11-day High Against U.S. Dollar
18 Octubre 2019 - 4:01AM
RTTF2
The Turkish Lira traded higher against the U.S. dollar in the
European session on Friday, as the US and Turkey agreed to a
ceasefire in northern Syria allowing Kurdish fighters to withdraw
from the safe zone.
Under the deal, Kurdish forces who are allied with the US in the
fight against ISIS will withdraw from Turkey's declared "safe zone"
on the border.
The US has removed the threat of sanctions against Turkey.
The Turkish Lira firmed to an 11-day high of 5.76 against the
greenback, from Thursday's closing value of 5.81, and held steady
thereafter. The next likely upside target for the Turkish Lira is
seen around the 4.5 level.
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