TRYUSD continues to collapse after removing the Central banker who raised rates to 19%. The new CB said he will lower rates. Turkeys 10 year bond skyrocketed instantly from 12% to 17% while the TRY lost 18% instantly as well. Why BC Turkey listened to MMT and wants to lower rates. The chart above clearly shows lowering rates collapses the currency.
If you want to learn more about Bonds, FOREX, and why #MMT is wrong you can have a quick read here. patreon.com/posts/49407836
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Crap! This is backwards! I tried to show the TRY weakness but went long USD as it normally trades. USDTRY not TRYUSD. SIGH! Anyway red is good in this case I am short TRY not Long.