Euro / Turkish Lira (EUR/TRY)
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Euro / Turkish Lira (EUR/TRY) Trading FAQ
The optimum periods to trade these products are around 1:30 a.m., 2 a.m., 8:30 a.m., and 10:00 a.m. Eastern Time in the United States, as well as between midnight and midday, when European and American exchanges maintain all cross markets active and liquid.
EUR/TRY has a history of volatility due to the Eurozone's formerly shaky monetary policy, which has stabilised in recent times. Additionally, political events like Brexit, global health crises and pandemics, and Turkey's struggle with economic uncertainty might impact the FX pair.
The TRY is expected to end 2022 at 14.02 per USD, according to analysts. The lira is anticipated to have a much weaker year in 2023, closing the year at 14.15 per USD.
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