5-month beta to TRY across G10 and EM selected currencies. The Brazilian real leads the group, closely followed by the South African rand and the Mexican peso.
The Lira hit fresh record lows this week, it is interesting to see how the Turkish currency weakness did spread to FX markets. The Brazilian real did not post much change, however, the Mexican peso is set to close the week 2.7% lower vs the USD. The dollar. The USD dollar in a variety of measurements is trading 0.8% higher this week
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