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Friday, April 02, 2010

Trouble in Turkey

"Trouble in Turkey

Sean Hyman (April 2, 2010)

Politicians Are Stirring the Pot in Turkey, and Currency Traders Don’t Like It!

I was scouring my charts the other day and I saw something interesting. One exotic currency looks like it just started a new trend.

It’s happening in the bridge between Europe and Asia – Turkey.

For most of last year, the dollar was diving vs. the Turkish lira, so the USD/TRY was sinking."

More:Trouble in Turkey | World Currency Watch