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USD/TRY - US Dollar Turkish Lira

Real-time Currencies
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TRY
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32.5748
+0.0833(+0.26%)
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USD/TRY Discussions

Tomorrow, I will close my @10.71 Long 1:3 position when this pair hits 14.5. Then, I will short it. I expect this pair to go down to 7-10 in the coming months. Then, rally to either 5 or 20 depending on the results of the early elections. This, or the coming week the Turkish government will start inflation-protected bonds to attract more people to TRY, and they will burn swap-money to make TRY gain value till the elections. Obviously this is not a long-term plan and will destroy the reserves of the CB, and the new government probably will have to call the IMF. It's my strategy depending on the possibility of early elections. Not a financial advice, but probably the best advice you can get.
did you check reserves ?
it's been already negative for quite some time!
No way it goes below 10. Unless government is changed or all nation decide all the sudden to buy Lira.
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