
Barclays said the Turkish lira's monthly depreciation against the dollar rose to 1.8% in October from 1.6% in September, after a technical adjustment to exchange rate policy by the central bank. The bank expects the central bank not to slow the lira's decline unless global energy prices fall significantly.
A faster lira slide raises dollarization pressure and strains reserves, and could push policymakers toward measures such as cutting withholding tax on lira deposits. For feed buyers, a weaker lira raises the local-currency cost of imported feed ingredients.
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.