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The dollar rose above 50 lira for the first time, reaching 50.0268 per dollar in early trading on November 4. The lira did not benefit from the post-midterm dollar weakness globally.
Annual inflation was 29.77% in October, above expectations, after the central bank cut its rate to 36%.
Lira weakness driven by domestic inflation and policy raises the lira cost of dollar-priced feed imports, which pressures Turkish feed costs.
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.