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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