Quotes
The thing about carry trades is that you need low volatility. When volatility spikes the economics of the trade are no longer there,
No one needs a market reaction like this to their policy change,
Kieran Curtis at Aberdeen said, referring to the move against Imamoglu We expect authorities to prioritize market stability in the coming days,
It's a natural 'sell-EM' type of view, because you had one assumption yesterday, and that assumption is being challenged,
State Street's Timothy Graf said, referring to Turkey's politics Making decisions on behalf of the people, using force to replace the will of the people or to obstruct it is a coup,
Ozgur Ozel, CHP chairman, wrote in a Google-translated post on the X social media platform Everything necessary is being done to ensure the proper functioning of the markets. We are firmly committed to implementing our economic program,
In Turkey this morning, bonds and FX are coming under pressure after a potential presidential candidate, the mayor of Istanbul, was arrested,
said Frantisek Taborsky, EMEA FX & fixed income strategist at ING A wave of selling was triggered after Imamoglu's diploma was annulled and he was detained. There have been foreign investor inflows in recent days...but political uncertainty currently prevails and concerns about foreign investors leaving the country have increased,
Serhat Baskurt, algorithmic operations manager at ALB Yatırım, said
