For my Turkish friends,
Long term 3 months chart shows how the Turkish lira has been in a constant depreciation against the USD. It will be interesting to see ultimately when the parabolic curve will be broken and the major reversal of more than 50 percent to follow.
Long term 3 months chart shows how the Turkish lira has been in a constant depreciation against the USD. It will be interesting to see ultimately when the parabolic curve will be broken and the major reversal of more than 50 percent to follow.
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This will happen when the U.S. dollar starts to collapse soon.
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Emerging markets currencies are weak because of this dollar bubble, when the bubble implode, most emerging currencies and economies will recover.