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TRY Spike Not Replicated on All Platforms

TRY
  • Some strength noted in TRY in recent trade, with USD/TRY dropping by ~2%, albeit only briefly. Rate recovers to trade back in positive territory after the short-lived slippage to 17.6114.
  • No headlines or associated newsflow with the move in TRY, but that's the most intraday volatility we've seen in the price for a good few weeks.
  • Despite the move, some state the pricing is not replicated on a number of other platforms, so could be an isolated mis-print via BBG

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