US futures have also pared earlier gains and that is keeping a more tentative mood to start the day. For a short while when USD/TRY hit a fresh record high of 42 earlier, it also triggered some broader risk aversion in markets. That is now steadying a bit with USD/TRY now trading at 38.40, still up nearly 5% though. The Turkish benchmark index itself is down 5% amid the latest political developments in the country.
This article was written by Justin Low at www.forexlive.com. Read More Details
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