Turkey’s Erdogan: The lira will stabilise next week

In case you missed the happenings in the past week:

He goes on to say that they have reined in the “meaningless” volatility in the lira and that they are taking action to prevent lira volatility. I’m sure that has been the case throughout the year so what makes this time different is beyond me. USD/TRY is back up above 13.00 on the day and looking to push higher again as market players are unconvinced by Erdogan’s latest ploy.

USDTRY D1 31-12

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