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USD/TRY volatile in response to the..........>

TURKEY
TURKEY: USD/TRY volatile in response to the larger-than-expected cut from the
Turkish central bank, bosting USD/TRY up to the session's best levels at 6.9887,
but still just shy of the cycle high printed Tuesday at 6.9970.
- In the accompanying release, CBRT note that it considers risks on year-end
inflation to be on the downside, but the outlook remains favourable, with the
continued sharp decline in commodity prices affecting the inflation outlook
favourably.

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