Turkey – On the way to a persistent crisis
The sell-off on the Turkish lira continues. The exchange rate against the dollar was above seven (7.2 in Asia) last night, it it now at 6.85 (just before 0400 pm,…
Philippe Waechter's blog
Turkish Lira Traders Brace for a Tumultuous Week After Elections – Bloomberg
Investors are bracing for a big move in the Turkish lira after this weekend’s election and they’re paying to protect themselves. As Turks prepare to go to the polls on…
Emerging market crisis – the example of Turkey
Co-authored with Zouhoure Bousbih The dollar has been gaining ground since mid-April, with investor perception that the Fed would take stronger and swifter action than expected, and this raises a…