USD/TRY rises to record high once again

The Turkish lira is now down by more than 1% on the day against the US dollar, and the currency continues to weaken further as uncertainty continues to mount on whether or not the CBRT is going to proceed with an emergency rate hike.

The dollar's solid performance today isn't helping too much either, with the pair touching a record high of 4.5621 so far today.

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