Free Trial

Despite Moody's review late Friday night.....>

TURKEY
TURKEY: Despite Moody's review late Friday night on Turkey's credit rating for
downgrade noting uncertainty regarding the direction of the country's
macroeconomic policy, TRY was resilient overnight amid an improving risk
appetite. However sentiment turned into Europe, USDTRY squeezed from Try4.6540
to Try4.6789 but was quick to pare gains amid light choppy price action. Focus
turns toward the release of Turkey CPI at the top of the hour (prior 10.85%, exp
12.15%). USDTRY last Try4.6545. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.