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Turkish Lira Up More than 4.2% Against USD

M. Ali 11 November, 2020 9:34 pm Forex Market, Market Update

The Turkish Lira (TRY) is recovering against the US Dollar (USD) after recently falling to new unprecedented record lows.

Changes in the leadership of the Turkish central bank and the finance ministry are seemingly providing some short turn support to the Lira, which rose to its highest level against the USD in three weeks.

The USD/TRY is down by 4.23% at 7.8140, after falling earlier to 7.8045, its lowest since late October, while its highest level today was at 8.2099, noting that the pair closed on Tuesday at 8.1588.

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