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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI China Daily Summary: Monday, November 25
USD/TRY rate cresting at 5.8431 and....>
TURKISH LIRA: USD/TRY rate cresting at 5.8431 and re-approaching yesterday's
highs at 5.8593, with the 50-dma kicking in as resistance on a break at 5.9015.
After a firm Monday, TRY has slipped in early NY hours following the Kremlin
confirming that Russia is on track to deliver the S-400 missile system to Turkey
in July.
-Despite the turnaround in USD/TRY spot, 1m vols continue to pull lower,
breaking back below 18 points and approaching the early June lows at 17.3550.
-The moves come ahead of the Turkish central bank rate decision tomorrow, where
the bank are seen keeping rates unchanged at 24.00% for the one-week repo rate.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.