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TRY Rebounds Post Referendum

Stephen Innes, one of OANDA’s senior traders, noted that

The ‘Yes’ Vote will have a positive effect on investor sentiment and the Turkish economy as a whole. Turkish assets offer some of the highest yields and a ‘Yes’ vote will remove any level of political uncertainty and should be supportive of the Turkish  Lira, as carry trade appeal should follow in tow.

Bloomberg HT



This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here

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TRY Rebounds Post Referendum

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