Market optimism over the potential for interest rate cuts next year is dangerously overdone, according …
Read More »Charts of past currency crises show Turkey may face a lot more pain
The Turkish lira may be set for even more pain despite attempts by the country’s banking regulator to curb investor ability to buy and short the national currency. Quick political fixes tend to provide short-term rallies to foreign exchange markets, but frequently lead to a resurgence in volatility in a …
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