Aussie Dollar Strengthened by Turkish Lira Rate Rise. Why?

Hi,

Sorry if this is a basic question but I can't find a definitive answer on the net. Can someone please explain to me in practical terms why a huge rise in Turkish interest rates would bolster the Australian dollar and the Australian share market? I realize we are in a global market place these days but I don't understand why it would give the Australian market a more bullish sentiment. Would appreciate any feedback.
Cheers

Briefly... Of the majors you have USD & JPY as safe haven currencies. AUD, NZD, CAD are risk currencies. When the world is in a risk on environment money flows to risk currencies. In a risk off environment it is USD, JPY. The others fall somewhere in between. So, emerging markets have an effect on the risk currencies generally the same way. The CBRT's rate decision was a risk on event and money flows were to those currencies. Argentina's growing problems would constitute a risk off event and cause money flows out of those same currencies into currencies such as USD & JPY.

Forex is all about the flow of money coming in and out of currencies. Money coming out of one currency has to go to another.

Thanks very much for the reply Tantum, much appreciated.

great reply Tantumverum