USD/TRY trades with a firm tone above 1.78, Citi says. It notes that local corporate demand for hard currency is meeting a dearth of offshore supply. It adds that exporter offers in EUR/TRY are expected above 2.3350, which may help limit the topside. But Citi says that the market is also anticipating up to $600 million in demand from the state gas importer late next week. USD/TRY currently trades at 1.7813, while EUR/TRY is at 2.3322.
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