The market bias for the AUD to TRY exchange rate is currently bullish.
Interest rate expectations play a key role, with the Reserve Bank of Australia poised to raise rates to combat rising inflation, potentially attracting further investment. Meanwhile, the Central Bank of the Republic of Turkey plans to cut rates further, suggesting a weakening lira. Supporting these movements, Australia’s economic outlook remains positive, driven by commodity demand, while Turkey faces challenges regarding its inflation target and economic stability.
The expected trading range for AUD to TRY over the next couple of months appears to be relatively stable, maintaining current levels with slight fluctuations.
Upside risks could arise if Australia’s economic performance exceeds expectations or if global commodity prices surge. Conversely, the Turkish lira could face downside pressure if the CBRT’s easing policy leads to heightened inflation, further diminishing investor confidence.