USDTRY: A slow push lower for..........>

TURKISH LIRA: USDTRY: A slow push lower for USDTRY. The overnight comment from

Mnuchin on the Trade war, with talks expected to resume during the week starting

on the 7th October has favoured the Turkish Lira, now up 0.61% on the day.

*Technically, still eyeing decent target support at 5.65-5.64, an area not

broken since 19/08. We have have failed multiple times at the latter (multiple

bottoms)

-Also, the IMF sharply increased its forecast for Turkey's economic growth this

year but warned the prospects of a sustainable recovery from last year's

currency crisis. "Growth has rebounded, aided by policy stimulus and favourable

market conditions, following the sharp lira depreciation and associated

recession in late-2018," it said. "The lira has recovered and the current

account has seen a remarkable adjustment."(FT)