! USDTRY Is Folding Bearish For 40% !

Latest quote 5.712 for the US Dollar - Turkish Lira currency exchange rate, the sell target is 4.00. The duration is 1-5 years. Appropriate leverage is 1.5X equity, consider closing a loss if ranges 7.0-10.0 (appears unlikely). Overnight interest rate is positive 29% (dividend day-by-day through the year) according to Dukascopy which is a Swiss bank which renders it 43% (dividend day-by-day through the year) with 1.5X leverage.

Trade fermée manuellement:

My bullish sentiments partially faded now that this position is at profit; but mostly because I prefer ZAR and RUB these days.

Close quote 5.62 for a 1.6% difference and around 40 days of positive overnight interest.