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USD/TRY holds close to the highs of....>

TURKISH LIRA
TURKISH LIRA: USD/TRY holds close to the highs of the day as the Turkish central
bank cuts the one-week repo rate by 100bps (a larger than expected cut) to
9.75%. USD/TRY just below the day's highs at 6.4889 at typing. Next resistance
expected ahead of 6.50 and the 76.4% retracement of the decline from the 2018
high to 5.1344.

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