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Some EM FX continues to benefit from...>

TURKISH LIRA
TURKISH LIRA: Some EM FX continues to benefit from the "Risk On" tone today, on
the hope that global economies are the path of re-opening. But the Turkey Lira
is still struggling with the USDTRY knocking at the 7.00 door for the past few
session. 
FX USD reserves in defending the 7.00 mark, is still a cause of concern for some
market participants.
*Pointed out yesterday at the TRYZAR cross, which is slowly moving towards the
50d MA situated today at 2.6398.

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