Some Key Geopolitical Context As Turkey’s Captive Central Bank Delivers Another Big Rate Cut
So much winning – for one man, anyway.
Category: FX
‘We Got Everything We Wanted’: Turkish Assets Revel In Erdogan’s Easy Win Over America’s Pushover President
Meanwhile, SANA said a Turkish airstrike hit a village in Ras Al-Ain
Putin Not Convinced Erdogan Can Commit Genocide Without Accidentally Jailbreaking Insane Militants
“[I’m] not sure the [Turkish] military will be able take this under control”.
Donald’s Dollar Dilemma Deepens As Aussie Plunges Amid Global Race To The Bottom
Don’t show him a dollar chart.
‘The Fed And ECB Are Amateurs’: Albert Edwards Says More ‘Monetary Madness’ From Japan To Intensify Global Currency War
“A whole new level of monetary debauchery”.
Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan
It still won’t be enough for the autocrat, though.
China’s Black Swan Yuan Fixes Are The Market’s New Plunge Protection
That, the bank marveled, “is a 6 standard deviation move”.
Argentina Imposes Currency Controls As End Game Beckons
And the crisis worsens.
One Bank’s Clients Complain ‘The Sheer Volume’ Of Tweets Makes It Impossible To Hold Positions
In other words, forecasting the next turn is impossible.
A Critical Week Looms For The US Economy, With Special Emphasis On Friday
Another frantic Friday in the cards?
