Indeed, the price has reached 32.4 liras and a correction has begun, but we need some time to confirm whether this correction will be deep and large and not something simple.. Let us give it some time and see.
Thats not a correction, thats a 500 bps hike. It won't matter CBRT keeps printing money.
smojtabam
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@WACD, technically the market has possibility to reach around 30. Considering that until the end of this year Tl/usd can move in a range with a lower band of 30 and upper band of 34.
WACD
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@smojtabam, With this trade deficit, all the public expenditure and still no sign of retrenchment. CBRT don't want TRY to gain value. They want it to stay stable for a few months. TRY will go even lower, it's inevitable. In what speed and pace , i don't know.