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USD bulls in charge, TRY flip flop show.......>

FOREX
FOREX: USD bulls in charge, TRY flip flop show continues
- The USD holds firm across the board which saw EUR, GBP, AUD & NZD all touch
fresh cycle lows in Asia. The DXY extended to 96.87, its highest levels since
June 2017, while gold's bearish breakout continues to $1185.08.
- In EM FX space TRY extended its recovery against the USD with a move back
under Try6.00. Rate touched pullback lows of Try5.8828 after the BDDK halved the
limit on lenders swap transactions. Reports that the Turkish court had rejected
lawyer appeals to release US pastor Brunson saw a quick retracement to Try6.15
with gains extending to Try6.2422. Markets remain on headline watch.
- The early TRY move briefly improved risk, short covering in JPY crosses
further supported the majors to pare overnight losses, but as TRY weakened once
again the outlook turned bearish.
- UK CPI readings all came in-line with expectations, GBPUSD drifted back under
$1.2700 post release but soon faded. EURGBP consolidates above Gbp0.8900. 
- NZDUSD is the main underperformer in G10, the rate breached long term down
trendline support on the move to multi-year lows of $0.6545.

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