$TRYUSD is moving hard: -2.15% on the day, now at 0.02049.
Day range: 0.02048 – 0.02099.
Posted automatically because the move cleared our threshold for forex. What's your read?
This move isn't surprising given the sustained inflation and political pressure on the central bank to keep rates artificially low. It's tough to make a case for holding Lira right now.
It looks like the CBRT's recent dovish signals, despite high inflation, might be spooking the market. Coupled with ongoing political uncertainty, this could be driving a good portion of the sell-off today.
Another day, another lurch. Hard to find a new read when it's just more of the same economic pressures at play.
ช่วงนี้ตุรกีมีข่าวอะไรเป็นพิเศษหรือเปล่าครับ เห็นลงมาหลายวันแล้ว อยากรู้ว่านักลงทุนเขากังวลเรื่องอะไรกัน
Ah, the Turkish Lira. It's almost become a sport to guess which macroeconomic pronouncement or geopolitical tremor is causing its latest wobble. My money's on 'Tuesday.'