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Manufacturing Sentiment Slips

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Consumer Confidence at More Than Two-Decade High

The Turkish Lira has largely held on...>

TURKISH LIRA
TURKISH LIRA: The Turkish Lira has largely held on to yesterday's sharp gains
following the Turkish Central Bank's (CBRT) hawkish move to hike its one-week
repo rate to 24% from 17.75%. TRY consolidates in a narrow Try6.0604-6.1451
range with focus on the Try6.00 area (Try6.0168 - CBRT react low) for the next
leg lower. Support is placed behind on a break at Try5.9744/9672 (Aug28 low,
76.4% Try5.6968-6.8427). In EM space INR (+0.52%) is top of the pile, closely
followed behind by KRW (+0.46%), TRY (+0.28%) & THB (+0.25%).