US: Chicago Fed National Activity Index declines to 0.29 in August from 0.75

The data published by the Federal Reserve Bank of Chicago showed on Thursday that the National Activity Index (CFNAI) declined to 0.29 in August from
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USD/TRY to advance nicely towards 9.15 by year-end – TDS

The CBRT unexpectedly cut the repo rate by 100bps to 18%. The lira will absorb most of the damage. Economists at TD Securities still forecast USD/TRY
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