Forex - Turkey Flows: Lira weakens a bit on Qatar drills, Erdogan comments


 10:30 (GMT) 19 Jun

  [Forex Flows]

Sample Premium Content
Turkey Flows: Lira weakens a bit on Qatar drills, Erdogan comments (0100-QHFK-C01)

The lira weakened a bit at the start of Monday's session with the USD/TRY briefly climbing to 3.5141. The currency was hurt by worries about Turkey's greater involvement in the Qatar-Gulf crisis after Al Jazeera reported that Turkish forces had participated in joint military drills in Qatar, as well as comments by President Tayyip Erdogan, who said on Saturday that the government would continue to intervene on interest rates to pull them down. We see potential for the lira's further depreciation in the next few days as political and policy uncertainty is likely to continue to weigh, with the USD/TRY possibly exceeding the key 3.5575 resistance level.


Forex - Czech Republic Flows: Koruna weakens a bit in the aftermath of Tomsik comments


 09:28 (GMT) 14 Jun

 [Forex Flows]

The koruna weakened a bit at the beginning of Wednesday's session with the EUR/CZK temporarily rising to 26.189 in the aftermath of the comments by CNB Vice-Governor Vladimir Tomsik, who said that there was need to rush with an interest rate rise. We continue to see little potential for the currency's gains ahead of the likely Fed rate hike on Wednesday, with the EUR/CZK unlikely to break below the 26.10 support level.


CurrenciesCountriesMarket Bulletins