The Turkish lira dropped by nearly 2% against the US dollar this morning, trading just below 4.17 and close to its all-time low of 4.196 on April 11. All the emerging market “carry” (high-interest) currencies are trading weakly in anticipation of this afternoon’s Federal Reserve Open Market Committee announcement, but economic policy blunders make the […]
Tag: carry currencies
Posted inMexico, Middle East, Syria, Turkey, World
Canaries start to die in coal mine
Posted inRussia, World
