The dollar surged against the Turkish lira on Thursday after a surprising large rate cut. The Central Bank of the Republic of Turkey cut interest rates to 16% from 18%, more than the 0.5 point to 1 point cut markets anticipated. The dollar /zigman2/quotes/210561895/realtime/sampled USDTRY +0.0197% climbed to 9.3095 lira from 9.2133 lira on Wednesday.


