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Thoughts on Turkey's Latest Inflation Print and USDTRY Action
The latest inflation figures out of Turkey came in a touch hotter than some expected, and it's interesting to see $USDTRY react with that modest push higher to 47.206. While the intraday range of 46.9676–47.2225 shows some resistance at the top, the persistent underlying pressure on the lira remains a key theme on my watchlist, suggesting continued volatility.
2 comments · 18 points
It's not just the headline number; the breakdown is what's truly concerning for any sustained lira recovery. I don't see anything changing short-term to reverse that underlying pressure you mentioned.