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The dollar rose to a record 50.20 lira on November 9, while the euro and pound also gained against the lira. Strong U.S. jobs data strengthened expectations that the Federal Reserve could raise interest rates in December, although the dollar index was down 0.2%.
A stronger dollar against the lira raises the local-currency cost of imported feed and other commodities for Turkish buyers. The article attributes the move partly to expectations of tighter U.S. monetary policy.
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.