Spain 9-Month Letras Auction fell from previous 1.968% to 1.96%

USD/TRY continues to move up in a linear fashion. In our Daily Currency Briefing of 27 August, we started our TRY commentary with the sentence 'USD/TRY breached the 41.0 level this week amidst media and policymaker commentary about positive developments on the economic front'. That was then.