TRY depreciation.

TRY Under Pressure: Political Turmoil Triggers Market Volatility Despite Central Bank Support

The other main development over the weekend was the formal arrest of Istanbul Mayor Ekrem Imamoglu who has been jailed on corruption charges on Sunday. The case has the potential to keep Imamoglu, who denies the charges, behind bars for years and prevent hm running from running against President Erdogan in the next election.

USD Gains on FOMC Anticipation; EUR and GBP Struggle, TRY Drops, CLP Rallies on Strong GDP, COP Hit by Minister Exit

• USD gains ahead of March FOMC meeting 
• Focus will be on ‘dots’, risks and economic projections 
• EUR-USD and GBP-USD show signs of fatigue