"Turkish Lira Facing Independent Pressure
by: Marc Chandler December 11, 2009 | about: TUR
Marc Chandler picture Marc Chandler
As the dollar rallies on constructive economic news, emerging market currencies are being hit by a wave of profit-taking.
However, there is independent pressure on the Turkish lira. The Constitutional Court just banned the main pro-Kurdish political party for links to militants and 37 members have been banned from politics for five years. The immediate thoughts are the implication for social unrest in Turkey and the electoral impact."
More:Turkish Lira Facing Independent Pressure -- Seeking Alpha
