Damage to Lira by Erdogan’s interference contained

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Cross-currency swaps are holding within their recent trading range below the 20% mark, as investors fail to panic

A money changer counts Turkish lira banknotes. Picture: REUTERS/MURAD SEZER

Cross-currency swaps — which gauge the market’s appetite for lira risk — held within its recent trading range below the 20% mark, trimming an increase of about 100 basis points during early trading.

Source: Digital Coin News (digitalcoinnews.net)

 

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