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Day: November 11, 2020
November 112020
Turkish Lira Rallies on Easing of Currency Trading Limits, Bets on Orthodox Policy
The Turkish lira is enjoying its best rally in months as the government eased two-year-old currency trading limits, giving the lira a substantial boost. It is also rising against several currency peers as foreign exchange markets bet that the country would embrace a more orthodox monetary policy following a series of noteworthy exits in President Recep Tayyip Erdoganâs government. According to a statement from Ankaraâs chief banking regulator, the amount […]
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November 112020
AUD/NZD Under 1.0707 and Back into the Descending Channel
The Australian pound versus the New Zealand dollar currency pair seems to have been limited in its attempt to switch to bullish mode. Long-term perspective After crafting the 1.0566 low, the price continued its upward movement that had been part of before the high of 1.0880. As a result, it climbed until the 1.1043 high but failed to sustain the gains above the firm resistance area of 1.0983. As a consequence, the price fell until the previous […]
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