money · Forex · 2018-08-14 · Thomas Ott

~1 min read

Thanks to the Trump Trade (his big stupid mouth) and a dictator in Turkey, you have the ingredients for an emerging markets contagion.

The Turkish Lira dropped like 19% yesterday against the USD and it shows signs of bouncing now. Who knows, but as long as Erdoğan doesn't let interest rates rise, this will continue.

Maybe it's time to get long USDTRY.

USDTRY currency