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71% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
70.91% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
US Session Analysis for CFD Instruments 11/10/2021
Fundamental analysis
11 October, 2021
The USD/TRY pair inched lower at Monday lunchtime as the dollar edged upwards. It is presently 8.9597. Turkey’s lira weakened on Monday to equal its record low level of 8.9750 against the dollar, which it set on Friday, weighed down by strength in the greenback as well lingering concerns over Turkish monetary policy. Last month the central bank unexpectedly cut its policy rate by 100 basis points to 18%. Analysts viewed this as fresh evidence of political interference by President Tayyip Erdogan, a self-described enemy of interest rates.
