Forex Markets Open with a Slight Buying Bias: Impact of Geopolitical Tensions and Fed Minutes
The forex markets have started the day with a slight buying bias. The USD/TRY pair is trading at 46.8750, following a narrow range movement in the previous session. This movement in exchange rates is largely influenced by the escalating tensions in the Middle East and the Federal Reserve's meeting minutes, which highlighted the possibility of interest rate hikes in response to strong demand and inflationary pressures.