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CBRT Intervenes For Second Time as USD/TRY Hits 13.88

TURKEY
  • TURKEY CENTRAL BANK SAYS IT'S INTERVENED IN CURRENCY MARKETS
  • TURKEY CENBANK SAYS INTERVENED ON 'UNHEALTHY' PRICE FORMATIONS
  • This is a second intervention at 13.88, just short of the 14.00 handle
  • As noted before, the CBRT has limited reserve power to continue defending the currency
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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