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TURKISH LIRA: USD/TRY trades around 4 figures off of Monday's high at ~TRY4.7120
- Monday's late move higher was inspired by the announcement of the composition
of Turkish President Erdogan's new cabinet, which includes his son-in-law, who
will assume the role of Treasury & Finance Minister.
- There was no place in the cabinet for Mehmet Simsek, who was viewed as the
last steady hand in the President's previous cabinet, or for ex-finance minister