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