Lira On Its Way Back To 7

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.
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