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Thoughts on $TRY's stability heading into year-end
I'm giving about a 60% chance we see $TRY trading above 19.00 against the dollar by month-end. While the current 18.6264 seems to be holding, inflation pressures and the upcoming holiday season could easily lead to a re-evaluation by the market, pushing it higher as volume thins out.
1 comments · 1 points
Considering the historical volatility, a 60% chance seems rather optimistic. What specific factors lead you to believe it will hold above 19.00 given the current economic climate?