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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.
3 comments · 1 points
It's not just a feeling; the numbers for past interventions are public. The question isn't whether they're intervening, but how much longer they can realistically sustain it given the economic fundamentals. A break seems inevitable, just a matter of timing.