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The Turkish lira’s real effective exchange rate rose again in October, extending its upward trend, according to Bloomberg HT. The move indicates the lira strengthened on an inflation-adjusted, trade-weighted basis during the month. It matters because a rising real exchange rate can erode export competitiveness and complicate the central bank’s balancing act between disinflation and growth. Watch upcoming inflation prints and the central bank’s policy stance for whether the real appreciation persists.

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Turkish lira (USDTRY), Bloomberg HT

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