Turkish lira in deep trouble after another crash
Jan 03, 2019, 03.00 PM IST
Few traders will be eager to take such risk again. Even fewer, if any, are now well hedged for a resumption of the lira's downtrend.
The apparent 17 per cent dive for Turkey's lira has wiped out returns for those who bought into a tempting carry trade and cranked up downside risks for the currency.
More:Turkish lira: Turkish lira in deep trouble after another crash - The Economic Times