Subject: Turkish Lira smashed and then they raise rates

EXACT TRADING
 FX Trading News and Nightly Wrap Up 
Turkish Lira smashed then Erdogan raises rates to halt the pain
The TRY has been in free fall against both the EUR and USD for the last few months but today it got serious.

The Turkish government threw down the gauntlet and raised rates to 16.5% this won't be enough and every single Hedge Fund will be looking to position itself to pick up some easy cash by further shorting the TRY
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