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USD/TRY slips despite weak Turkey data

Tuesday, June 30, 2015 7:39 AM UTC

Turkey deficit sharply wider at USD 6.75bln in May vs 4.97bln in April
USD/TRY edges lower from today's 2.7100 high at 2.6932 after trade data
Weak confidence shrugged off yesterday, traders sidelined watching Greek news
US 10 yr yield eases slightly, rate hikes getting priced out, setting-up potential big reaction to likely decent NFP result
Coupled weak local data, seems prudent to buy USD/TRY dips

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USD/TRY slips despite weak Turkey data

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