blog.windsorbrokers.com
Turkish lira is losing ground after limited help from the intervention - Windsor Blog
Attempts of Turkey’s financial authorities to help weakening lira, showed limited positive reaction for the currency so far. Last week’s intervention slowed lira’s fall, but subsequent weakness signals that the action would be likely short-lived. Sharp USDTRY’s fall after intervention (the pair was down 3.4% in immediate reaction) was contained by rising 20SMA and following …