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Low Liquidity-Driven Spike

TURKISH LIRA

USD/TRY rallies sharply as volumes and liquidity fade, prompting the pair
to touch 6.9835 before retracing.

No headlines or news crossing to prompt the move,
with price action more akin to low liquidity and drained volumes
pressuring the price. Pair trades either side of 6.94 last.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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