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USD/TRY recovers off the lows as the.........>

TURKEY
TURKEY: USD/TRY recovers off the lows as the Turkish central bank trim rates by
50bps, as expected. The central bank state that their currency monetary stance
is in line with their aimed disinflationary path and recent data indicates the
recovery in the Turkish economy is continuing.
- USD/TRY now printing the best levels since May 2019 on the move. Next
resistance sits at 6.0957, the 1.0% 10-dma envelope.

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