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Under pressure against all majors

TURKISH LIRA

TRY extends small losses in early European trading.

  • Recall Friday after hours, Moody's downgraded Turkey to B2; Negative Outlook.
  • The currency is underperforming across the board,
  • USDTRY is eyeing a test at the figure 7.50, ahead of the all time high at 7.5145.
  • EURTRY is 8.8782, with the all time high situated at 8.8837

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