LiteForex - Analytics

    LiteForex

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    USD/TRY: oil and Lira on 07.10.2015

    Turkey satisfies about 70% of its demand for energy from imports and thus its economic conditions and the price of the national currency largely depend on oil prices. The USD/TRY pair has negative correlation with oil prices, which can be seen by comparing its price chart with one for Brent crude oil.

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