- The TRY has appreciated since Fitch upgraded the country’s debt to investment grade. Also, earlier this morning, analysts at Morgan Stanley noted that another sovereign upgrade for Turkey is likely in coming quarters.
- Interest rates in Turkey stands at 5.75%
- In an immediate reaction, USD/TRY spiked up from 1.7897 to 1.7926.
Print 08:56, 12 Nov 2012 - Other Central Banks - Source: Newswires
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