Turkish lira slammed after Erdogan rate cut threat
Heads up to Erdogan here earlier: Turkey President Ergodan calls for lower interest rates, spoke with central bank governor
When that info was posted USD/TRY was circa 8.54 ... its come a long way in those few minutes! TRY falling since:
A longer-term chart will show USD/TRY to a record high (i.e TRY to a fresh record low).