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Post-CBRT bears extend and crack key 200DMA support - Windsor Blog
The USDTRY holds in red for the fourth straight day and cracked key support at 5.5658 (200DMA) today. Lira advanced strongly after Turkey’s central bank surprised markets by 4.25% rate cut last week against expectations for 2.5% cut. Improved CBRT’s economic outlook and signs of falling inflation, justify central bank’s action and add to improved …