Turkey’s lira falls beyond 16.3 vs dollar as FX need grows

by Boo_Randy Coming soon to a Fed-debauched currency near you. Stack accordingly. https://english.alarabiya.net/business/economy/2022/05/25/Turkey-s-lira-falls-beyond-16-3-vs-dollar-as-FX-need-grows Turkey’s lira slid beyond 16.35 against the dollar on Wednesday to its weakest level since the depths of a December crisis, as analysts questioned authorities’ ability to …

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Turkish Lira Freefall Accelerates Despite Central Bank Intervention (Turkey’s 10Y Yield At 21.50%, Very Venezuela-Like With Inflation At 21.31%)

by confoundedinterest17 Turkey (the nation, not the bird) is now the Venezuela of Europe/Middle East, where insane government policies are destroying both nations. (Dow Jones) — Turkey’s central bank intervened to arrest the plunge in the country’s currency, which lost as much …

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