Taking a look at the monthly chart for USD/TRY, Turkey looks like its currency is about to hyperinflate especially with the recent government instability in the recent elections and erdogan being stubborn to any raising of the countries interest rates. In my eyes i'm seeing a hyperinflation scenario playing out over the next few months if this does not get taken care of soon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.