TRY to AUD Exchange Rates & Currency Deals

AUD/TRY stays above the 90-day avg and near the top of a 3-month range. RBA hawkish tilt vs Turkish easing supports AUD, while softer Chinese inflation weighs on Aussie exports; drift likely within the corridor. Bias Bullish-to-range-bound, with the AUD/TRY trading above the 90-day average and in the upper half of the three-month range. Key drivers - Rate gap: The RBA’s hawkish tilt versus Turkish easing keeps the AUD supported against the TRY. - Risk/commodities: Commodity prices and risk appetite influence AUD strength, while softer Chinese inflation weighs on export demand. - Macro factor: China’s softer inflation backdrop dampens demand for Australian exports, pressuring the AUD. Range The pair is expected to drift within the recent three-month corridor, with a possible test of the upper end. What could change it - Upside risk: The RBA moves to hike on evidence of domestic inflation, widening the yield gap and lifting AUD. - Downside risk: Turkish inflation remains stubborn and policy stance steadies the lira, weighing on AUD/TRY