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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

TURKISH LIRA
TURKISH LIRA: USD/TRY trades around 4 figures off of Monday's high at ~TRY4.7120
last.
- 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
Naci Agbal.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com