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USDTRY soars to the highest level in 7 weeks

The Turkish lira is a big loser on Wednesday even though the central bank left interest rates unchanged. Traders are increasingly concerned about a renewing diplomatic rift between Turkey and the US and that leads to prices increases on USDTRY. The pair soars nearly 1% to 5.42 – the highest level since 16 January.

Daily summary: Dollar continues to strengthen, EURUSD and GBPUSD 1% on the downside
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