TRY's recent dip and broader EM implications

Watching $TRYUSD drop to its current 0.02126 level after the recent inflation print. It's a fairly predictable reaction given the central bank's stance, but the speed of the move is interesting. This continues to highlight the sensitivity of certain EM currencies to even slightly off-kilter economic data, particularly when monetary policy is under scrutiny. Not a surprise, but certainly a reminder.