Playlist: USDTRY

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Morning Call: Argentine, Turkish currencies sink
30 August 2018 at 8:33 GMT
Morning Call: EMs fail to hold their gains
29 August 2018 at 8:27 GMT
The week ahead in macro — #SaxoStrats
Kay Van-Petersen
09 July 2018 at 9:43 GMT
Why I am negative on the Turkish lira: Jakobsen
Steen Jakobsen
12 May 2016 at 12:19 GMT
Collins: My best and worst FX trades in 2015
29 December 2015 at 10:31 GMT
The 'extreme volatility' in Turkish lira
Lea Jakobiak
27 January 2014 at 14:58 GMT
Video / 27 August 2015 at 7:22 GMT

CEE Explained: Trading TRY is trying but PLN is poles apart

Ken Veksler
Emerging market currencies have been particularly vulnerable in the past few days given the turmoil in major markets. London based trader, Ken Veksler, the MD of Accumen Management, looks at two key currencies with very different prospects. 
The Turkish lira hit a record low against its US counterpart last week. The fall was driven by concern generally over China's prospects but also by local, political uncertainty. There's pressure on the central bank to raise interest rates but there's no sign of such a move just yet.
The Polish zloty, on the other hand, has appeared remarkably resilient in recent days. Ken says economic fundamentals in the country are looking good and that's been reflected in the currency's performance. 


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