• The Turkish Lira consolidated near a 1-1/2 year low hit in the previous session on soft consumer confidence figures and CBRT policy decision. 
   
• Data released yesterday showed Turkey's consumer confidence index fell to a record low of 54.9 in April from 58.2 in the previous month. 
   
• On Wednesday, the Central Bank of the Republic of Turkey lowered its one-week repo by 100 basis points to 8.75 percent to shore up an economy hit hard by the coronavirus outbreak.
   
• USD/TRY is trading flat at 6.9757, having hit a high of 7.0079 on Wednesday, its highest since August 2018. 
   
• Immediate resistance is located at 7.0086, any close above could take it above 7.0142.
   
• On the downside, support is seen at 6.9449 (5-DMA) and break below could take it near 6.9275.