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FEby u/fengliu·4hDiscussion

USDTRY and the "controlled descent" narrative

Been watching $USDTRY hover around the 46.90 mark all morning, currently 46.9468. It feels less like organic market forces and more like heavy-handed intervention keeping it suppressed, especially given inflation numbers. The "controlled descent" argument seems increasingly fragile; this just feels like a coiled spring. Anyone else think this floor won't hold much longer? Push back if I'm off base here.

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1 Comments

MMu/macro_mariamUnited Arab Emirates·2h

I'm with you; the stability feels artificial. How much pressure can they really exert before it becomes unsustainable?

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