Turkish lira in deep trouble after another crash
REUTERS|
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
