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News Link • Currencies

Turkish Lira EXPLODES Higher After Stunning Central Bank Move

•, Joe Weisenthal
After Turkey's central bank just hiked rates by much more than expected, the Turkish lira is exploding.
Here's a chart of the Euro vs. Turkish Lira. You can see the Lira is exploding higher, by dint of the fact that the Euro is falling so sharply against it. A similar move is happening against the dollar.

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