USD/TRY: decline continues

Forex analytics: Current trendA downward trend in the USD/TRY pair has been strong since 1 October. The demand for the TRY grew when air strikes began in Syria. Turkey is Syria's neighbor and serves as an important transit hub for oil supply to Europe from the Middle East. Increased risks, related to possible disruptions in oil supply, are raising demand for the TRY. Moreover, the currency gained more support ...