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USD/TRY Pulls Closer to 8.00 Ahead of Tomorrow's CBRT

TURKEY
  • USD/TRY trading heavily today having just made a tentative test of 8.0236 support ahead of tomorrow's CBRT
  • Interestingly, TRY is now leading the CEMEA trio at -0.76% vs a softer greenback
  • Local & USD rates bid today across the curves.
  • Locals 8-11bp lower in the belly, USDs 7.4-9.1bp lower in 3-10Y tenors
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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