Bosphorus_Capital
Short

Pair Trade: Sell USDTRY Buy DXY

USDTRY             bottomed vs DXY             in Jan 2015 with the President criticizing the Central Bank.

It now seems to have double topped on the first day after the general elections where he lost majority.

The whole pattern since 2014 seems like a flat correction.

Overall, in the coming months Turkish Lira should outperform peers versus the USD.

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