Up, up, and away?
Erdogan's comments here failed to provide any soothing effect to markets and the greenback's march higher against the yuan (and gold) is helping to propel USD/TRY towards the highs once again.
As a side note and reminder again, Societe Generale and Goldman Sachs last week highlighted that the 7.00 to 7.10 level is the key threshold that will start to see Turkish banks' capital buffers get eaten up so if we hover around here long enough then more concerns will start to materialise.
