Free Trial

TRY remains on the backfoot,...........>

TURKISH LIRA
TURKISH LIRA: TRY remains on the backfoot, suffering its worst session against
the dollar since mid-August as the Turkish Nationalist party notify parliament
that they are to withdraw from their alliance with the ruling AK party - thereby
weakening Erdogan's influence over the national assembly. USD/TRY broke above
the Try5.80 level for the first time since Oct16 and bulls eye the 50-dma at
Try6.1339.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.