If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan
TRY Fundamental Quant Score +60
USD Fundamental Quant Score -4
Investors seek reforms, fear populism
Lira initially weakened 2.5 percent
Shares rise 1 percent (Updates lira, adds London swap rates, dollar bonds)
Comment
Made a typo mistake on the chart "AUD +21 is meant to say (TRY: +60 STRONG)"
Comment
Some positive USD news suggesting bullish employment numbers in the US, this could have a long impact on USD in the short term. However, as the FOMC announced earlier in the month they have no intentions of interest rate hikes which caused a huge drop in USD value as investor money fled the country.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.