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Turkey: CBRT to cut today? – TDS

Analysts at TD Securities think that the CBRT will cut the 1-week repo rate and WACF by 150bps, which is 75bps more than the current Bloomberg survey consensus.

Key Quotes

“If the CBRT cuts nearly as aggressive as we think (at least 100bps), USDTRY may move ca. +0.3% higher shortly after the announcement. Smaller cuts would reduce the negative impact on TRY. A hold or modest rate cuts of 25bps could result in 0.2-0.4% USDTRY appreciation.”

China-US phase one trade deal: A pragmatic action plan – ANZ

In view of analysts at ANZ, the signing of the deal will bring some near-term stability to China’s trade outlook and financial markets. Key Quotes “Th
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GBP/USD Price Analysis: Spikes to weekly tops, tests 200-hour SMA

The GBP/USD pair added to its recent recovery move and gained some follow-through traction for the third consecutive session on Thursday. The momentum
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