• The Turkish Lira declined, hovering away from a 1-week peak hit in the prior session following Turkey central bank interest rate decision. 
   
• The Central Bank of the Republic of Turkey held its benchmark one-week repo at 8.25 percent during its July meeting as widely expected.
   
• The Turkish currency plunged to a record low earlier in the week as investors worry about the country’s dwindling foreign exchange reserves, growing foreign-denominated debt, central bank intervention and potential sanctions from the EU.  
• USD/TRY is trading 0.6 percent up at 7.3230, having hit an record high of 7.3980 on Tuesday.
   
• On Wednesday, the pair slumped 2.20 percent to 7.2086 but trimmed losses to close 1.2 perent lower at 7.2790.
   
• Immediate resistance is located at 7.3507, any close above could take it above 7.3800.
   
• On the downside, support is seen at 7.2660 and break below could take it near 7.2340.