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.

Chart of the day - US100 (27.07.2021)
Economic calendar: CB Consumer Confidence, Big Tech earnings
Morning wrap (27.07.2021)
Daily summary: Cryptocurrencies rose sharply, USD under pressure
USDCHF attempts to break below key consolidation zone
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