Turkish Lira waits for Inflation data

Turkey's lira stays strong against the dollar on Thursday morning prior to the central bank's quarterly inflation report: most analysts expect the bank to raise its forecasts.

Turkish lira stands at 9.49 against the U.S. dollar, trading stable. So far this year, Turkish Lira has weakened over 20%. The annual inflation rate came with 19.58% in September.

The Turkish Central bank forecasted annual inflation at 14.1% by December.

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