Turkish lira completes round trip, pares gains against the dollar - ConsultFX

Turkish lira completes round trip, pares gains against the dollar

USD/TRY back to flat on the day now Reality is starting to hit the lira as the session strolls along. Erdogan's presidency means there is the likelihood of unconventional monetary policy and the possibility of a non-independent central bank, and that is capping any advance in the lira following the elections.