Turkey Lira plunges ...from Zacktrading

08 Oct 2020, 22:48 · Views 4,585

Turkey Lira plunges to All-Time Low vs Dollar amid tensions w/Washington. US warned it was “deeply concerned” at reports Turkey planned to test a Russian S-400 air defense system purchased from Moscow. Lira now down almost 25% YTD, 2nd worst currency in 2020 behind Brazil Real. #USDollarIndex# #EconomicCalendar#

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Another day, another All-Time Low: Greek 10y bond yields fell as much as 6bps to 0.881%. Since the pandemic, Greek debt has become eligible for ECB purchases and the nation is set to receive €16bn in grants from the EU's recovery fund. #ECB# #EconomicCalendar#

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Speculators are losing interest in the euro. Paring again their Euro longs by 7.3% to 174,308 net long positions. The position remains large and vulnerable to a further squeeze as net EUR longs still at $25.5bn. #investment# #Eurozone#

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