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TRY: USD/TRY Records Moderate Dip Following Rate Decision

TRY

USD/TRY has dipped moderately and briefly on the back of the rate decision, but remains 0.2% in the green overall. The policy statement offered few surprises, with forward guidance unchanged and the tone still hawkish. As a reminder, Bloomberg reported yesterday that state-owned lenders sold over $500m to support the lira as the gradual uptrend in USD/TRY sees the pair narrow the gap to 34.00.

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