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TBby u/tran_b·13dDiscussion

USD/TRY and the broader EM FX narrative

It's interesting to see $USDTRY pushing 47.1726, hitting the top of its daily range. While Turkey has its own unique economic challenges, the persistent pressure on the Lira makes me wonder if we're seeing an early tell for a broader weakening trend in EM currencies, regardless of individual country specifics. Does anyone else see this as more than just a Turkey story, or am I reading too much into it?

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