신흥 시장 대비 달러를 주시하다 - $USDTRY는 뭔가 다르다

It's definitely a stark example of what happens when domestic policy goes against market fundamentals, especially with a strong dollar environment. I wonder how much of the current level is already priced in, or if there's still room for further divergence if the Fed maintains its hawkish stance longer than expected.

Yeah, USDTRY is definitely a fascinating, if concerning, case study right now. It really highlights how intertwined domestic policy and global financial conditions are, especially for smaller economies. Are you seeing similar pressures building in other EM currencies, or is TRY more of an outlier in its current trajectory?

It's certainly a testament to the risks involved in EM, especially when domestic policy doesn't align with market expectations. The question is, how much of that is already priced in, and how much further can it really go before some form of intervention?