Hello Lira traders
The lira sell-off continues.
Fundamental news that affected the price:
- Moodys downgraded 20 more Turkish banks
- Berat Albayrak, finance minister (and Erdogan’s son in law), doesn’t see Turkey in a crisis
- The fall in Argentinian peso also intensified the sell-off, not just in lira, but also in other emerging market currencies like the Indian rupee or South African rand.