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USD/TRY lurching higher as US Treas....>

TURKISH LIRA
TURKISH LIRA: USD/TRY lurching higher as US Treas. Secretary Mnuchin outlines
fresh sanctions against Turkey over the Pastor's detention.  USD/TRY moves back
toward the Try5.80 level but remains lower by well over 1% on the day. Fib
resistance doesn't kick in until well above Try6.00, with the 23.6% fib
retracement of the weekly move lying at Try6.0612.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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