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Asian Open: Erdogan – hold my lira and watch this

It was another day of epic volatility for the Turkish Lira. Only this time it went up in value, causing USD/TRY to fall around 17%.

Market chart showing uptrend

USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

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October 18, 2021 06:23 PM

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