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USD/TRY Over The Sanctions Hurdle - Approaches Short-term Bear Trigger

TURKEY
  • USD/TRY takes out yesterday's lows around 7.83.
  • Move through 7.8228 opens up bear trigger at 7.8950 & 100dma at 7.6827
  • As mentioned earlier, now over the watered down sanctions hurdle
  • Markets open to cleaner TRY positioning into the CBRT (24 Dec)
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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