FX:USDTRY   U.S. Dollar / Turkish Lira
191 4 3
I expect FOMC statement to be interpreted as hawkish by market.
Trade closed: stop reached
http://www.zerohedge.com/news/2016-01-27/market-reaction-not-dovish-enough-statement-disappointment
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Turkey is a risky country because of ISIS suicede bombers. Thats why tourism will damage economy. There will be no tourists and there will be no Dollar. Thats why Dollar targets 3.85 in Turkey next 6 months.
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burakpadir DavidSayli
Isis is a risk for whole world not just Turkey.
However i support your target price(usdtry) since GDP loss increases every year but tourism is just a peanut beside industrial unbalance on import&export.

Regards
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fulowa DavidSayli
Agreed, a lot of factors working against TRY. ISIS, slowing world trade, contagion from China, a lot of corporate USD debt, etc... Thanks and gl.
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