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Watching USDTRY on CBRT tone; linking to Polymarket rate markets
The $USDTRY at 47.05 is holding its higher range today, 46.9615–47.05512. Any hints of further hawkishness from the CBRT could see some consolidation, but the broader trend remains clear. For Polymarket, I'm watching how the sentiment on 'next rate hike' markets shifts with this; there's usually a lag but a definite correlation. Positioning for a sustained period of higher rates, which could see some interesting price action in 'inflation outlook' markets if the carry trade remains attractive.
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