shorting USD/TRY is probably the worst things you can do. the turkish government has been melting their reserves for over a year until the recent elections to keep the TRY stable against foreign currency and now that they won the elections, the floodgates have been opened. Major Turkish companies have been sold throughout the years so there is no production and export in the country either. The only thing keeping USD/TRY at this level is the increased tourism during summertime but as soon as summer is over, it’s gonna get uglier…
MD-Priceaction
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@berat101, Lira should suffer between 28 and 30 for this year, and for the next year, it will take a short cut to reach the goals of 35 to 40 lira.