Turkish lira slammed after Erdogan rate cut threat

Author: Eamonn Sheridan | Category: Central Banks

Heads up to Erdogan here earlier: Turkey President Ergodan calls for lower interest rates, spoke with central bank governor

When that info was posted USD/TRY was circa 8.54 ... its come a long way in those few  minutes!  TRY falling since:
Heads up to Erdogan here earlier: Turkey President Ergodan calls for lower interest rates, spoke with central bank governor
A longer-term chart will show USD/TRY to a record high (i.e TRY to a fresh record low). 

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