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The US dollar reached about 49.9975 lira and touched a record of 50.01 lira, the first time it has hit the 50 level. Turkey's October annual inflation rose to 29.77%, with monthly inflation at 2.58%, and the lira has lost about 18.9% over the past twelve months.
A weaker lira combined with accelerating inflation raises the import cost of feed ingredients for Turkish buyers and constrains the central bank's policy options.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.