{"id":153893,"date":"2019-08-21T10:47:41","date_gmt":"2019-08-21T14:47:41","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153893"},"modified":"2019-08-21T06:48:57","modified_gmt":"2019-08-21T10:48:57","slug":"eurtry-analysis-turkish-central-bank-lowers-reserve-requirements","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurtry-analysis-turkish-central-bank-lowers-reserve-requirements\/","title":{"rendered":"EURTRY Analysis: Turkish Central Bank lowers reserve requirements"},"content":{"rendered":"
August 21, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Turkish Central Bank lowers reserve requirements<\/strong><\/p>\n

In this review, we suggest to consider the currency pair Euro against the Turkish Lira. Is the growth of EURTRY quotations <\/a> possible? Such dynamics is observed with the weakening of the Turkish lira and the strengthening of the euro.<\/p><\/blockquote>\n

The Central Bank of Turkey has lowered the reserve requirement to increase lending to the economy by the banking sector. Such measures can be considered as a softening of its policy and an analogue of money emission, which led to a weakening of the lira. The next meeting of the Central Bank of Turkey will be held on September 12. On the same day there will be a meeting of the ECB. The main risk for the single currency now is the budget crisis in Italy. The Prime Minister of this country, Giuseppe Conte announced his resignation on August 20, which caused a slight strengthening of the euro.<\/p>\n

\"EURTRY\"<\/p>\n

On the daily timeframe EURTRY: D1<\/b> exited the downtrend. Further growth of quotations is possible if the crisis in Italy is successfully completed and the monetary policy of the Turkish Central Bank is further relaxed.<\/p>\n