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TURKEY: Local News Flow Limited as Markets Remain Shut Over Eid Holidays

TURKEY
  • As a reminder, local markets in Turkey are closed today, and will remain closed for the remainder of this week, over the Eid al-Adha holidays. Consumer confidence data for June will cross on Thursday and provides the only highlight on the local slate this week.
  • USDTRY has started the session moderately in the red (-0.10%), extending the pullback from Monday’s cycle high to around 1%. USD weakness following the US retail sales data yesterday likely aided the move lower, as most major emerging market currencies benefited from the more benign risk backdrop.

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