Thursday, 21 October 2021

USD/TRY Spikes After Turkish Central Bank Delivers Larger Than Expected Cut

USD/TRY hits a fresh record high after a 200bps rate cut vs 50-100bps cut expected.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...