• The Turkish Lira trimmed losses after the country's central bank delivered 9th consecutive policy rate cut.
   
• The Central Bank of the Republic of Turkey lowered its key interest rate by 50 basis points to 8.25 percent from 8.75 percent, cutting its policy rate for a ninth straight time.
   
• According to CBRT's second quarterly inflation report of the year, announced late last month, the central bank expects the rate to fall to 5.4 percent by the end of 2021 and eventually stabilize at around 5 percent in the medium term.
   
• USD/TRY is trading 0.1 percent up at 6.7954, having hit a low of 6.7493 on Tuesday, its lowest since April 13. 
   
• 55-EMA continues to act as major support.
   
• Immediate resistance is located at 6.8265, any close above could take it above 6.8501 (5-DMA).
   
• On the downside, support is seen at 6.7493 and break below could take it near 6.7290 (55-EMA).