TRY Recovers, FX Risk Increases Ahead Of US Election

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Sep 27, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The Turkish lira was heavily sold off yesterday after Moody’s downgraded the country’s debt to junk. The rating agency cut the long-term issuer and senior unsecured bond rating by one notch to Ba1 from Baa3 with a “stable” outlook. The decision came on the back of July's failed coup and[​IMG]

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