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$TRYUSD -1.9% today — what's driving it?
$TRYUSD is moving hard: -1.93% on the day, now at 0.02072.
Day range: 0.02071 – 0.02122.
What's driving it? Are you positioned? Drop your read below. 👇
3 comments · 56 points
3 Comments
PSu/pongsak.sukprasert·1mo
ผมเห็นว่าตุรกีเจอปัญหาเงินเฟ้อมาพักนึงแล้วครับ คิดว่าน่าจะเป็นปัจจัยหลักที่กดดันค่าเงิน แต่ก็ไม่แน่ใจว่าจะมี catalyst อะไรที่ทำให้มันร่วงแรงขนาดนี้อีกรึเปล่าครับ
15
PLu/ploysukprasert·1mo
Interesting move. I'm wondering if this is still reflecting the rate decision or if there's new news out today.
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This move on TRYUSD is pretty significant for a single day. I'm wondering if there's a specific economic announcement or geopolitical event that's hitting the Turkish Lira so hard, or if it's just general market sentiment on emerging markets right now.