Morning Note /
Turkey

Turkey's Lira hits an all-time low

  • Lira hit slid to an all-time low last night at 8.96 against USD, but has recovered since then to 8.90 this morning.

  • All EMFX is suffering but of course the Lira is more volatile with the prospect of more rate cuts to come

  • Tupras’ September margin/crack details will arrive either Friday or on Monday

Batuhan Ozsahin
ATA Invest
30 September 2021
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