What Lies Ahead for USD/TRY as Political Crisis Deepens in Turkey?
The Turkish lira remains volatile as the political crisis intensifies. Recent arrests of politicians, journalists, and activists contribute to the fear surrounding the lira’s stability. Currently, USD/TRY is trading at 37.7, a notable drop from last week’s high of 39.80. Traders must brace for continued fluctuations as political developments unfold. What steps will market participants take as they seek clarity amid uncertainty?