USDTRY settles around MAs/between trend lines - ConsultFX

USDTRY settles around MAs/between trend lines

Volatility is slowing as the pair consolidates. The hoopla from the Turkish lira's tumble has slowed a bit as the correction off the high last Monday made it to the 61.8% of the move up from the July 23rd lows at 5.6362 (the low reached 5.6504).