The Central Bank of Turkey cut the interest rates by 100 bps from 13% to 12%. The Central Bank proceeded with an interest rate cut as the inflation in August hit 80.2%.
USDTRY continues to hover at historical highs around 18.32.
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EURUSD has been experiencing volatility in recent weeks, influenced by various factors such as economic data releases, central bank speeches, and market sentiment.
EURUSD slumps in early European trading as traders return to their offices after the New Year festivities. EURUSD is down 1.11% at 1.0546 hitting the lowest level since December 13
A joint meeting of the Federal Open Market Committee FOMC and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday, March 18, 2025
