Turkish lira may slide to 6.2 per dollar as political tensions persist | Ahval
Our February fair value numbers put Turkish Lira at 3% over- and Argentina's Peso at 6% overvalued. Both are now cheap! Markets will understand that Turkey GDP will fall sharply in Q2, which will stabilize the Lira. A similar dynamic is also at play for the now undervalued Peso. pic.twitter.com/icgy1xboor
— Robin Brooks (@RobinBrooksIIF) April 25, 2019
Turkish lira drops to six-month low on U.S. spat, Iranian oil ban | Ahval
Turkey central bank leaves rates on hold, lira drops | Ahval
Turkey ‘s central bank won’t explain what’s behind the recent moves in its foreign currency reserves — and that’s making investors nervous. The lira weakened more than any other currency on Thursday amid speculation that the central bank was using
Discover more from Erkan's Field Diary
Subscribe to get the latest posts sent to your email.