If you focus on Turkish economy,you will see some problems.The biggest problem is CAD.Therefore,Turkish economy needs of foreign funds.When stimulus or QE terms,TRY is appreciating.Foreign funds come to Turkey.Because,Turkish interest rate higher than the other goverment.(Now 7.50 %) So the country is paying the debt.
This is good for both sides.
(I expect new QE,well I should be short USDTRY,be long TRY...
Adds,I follow closely Head of Economy on Goldman Sachs-Jan Hatzius
He thinks like me about new QE)
This is good for both sides.
(I expect new QE,well I should be short USDTRY,be long TRY...
Adds,I follow closely Head of Economy on Goldman Sachs-Jan Hatzius
He thinks like me about new QE)