Sam_Eder

TRY Driving Flight to Quality

TVC:DXY   U.S. Dollar Index
The 10-year Turkish government bond yield rose 24 basis points to 19.91%, a record high. The ECB is starting to worry about European bank exposure to Turkey, which is on the brink of hyperinflation due to Erdogan's dictatorship. Capital is fleeing the country and the market is showing a flight to quality today with aggressive USD buying and Jpy buying.

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