TRY higher in early Monday trade post Istanbul election

News

Turkish lira has gained following the weekend election.

  • Opposition has won Istanbul mayor election
  • USD/TRY circa 5.7380

If you are wondering what Istanbul’s mayor impact on monetary policy or pretty much anything to with lira trade … don’t bother. This is sentiment/positioning related – not a positive for Erdogan’s ruling party.

ForexLive

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