The Turkish lira has become more exposed to any events that hurt investor appetite for emerging market assets after the central bank cut interest rates, Commerzbank FX analyst Tatha Ghose says. "We expect the lira to weaken sharply during the next emerging market risk off move," Ghose says. Turkey's real interest rate, the nominal interest rates minus inflation, is negative now after the central bank lowered its one-week repo rate by 50 basis points to 10.75%, Ghose says. USD/TRY rises 0.3% to 6.0796 after earlier hitting its highest level since late May at 6.0809
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