The Turkish central bank slashed its one week overnight repo rate to 14% from 16.5%, well more than the consensus suggesting a cut to 15.5%. It was another rate cut in a row which exceeded markets' expectations. The USTRY has risen to some extent following the decision.
USDTRY, H4. Source: xStation5
Daily Summary: U.S.-China Tensions Trigger the Sharpest Sell-Off Since “Liberation Day” ✂️
BREAKING: USDCAD slips following Canadian employment data 📌
ECB Not Gearing Up for Changes. Is EURUSD Undervalued?
BREAKING: Norwegian CPI slightly higher than expected