Once again, the markets have brushed off the partial tightening of monetary policy by Turkey leading to another 1% weakening in an already beleaguered currency. With that, the fx issue has become more of a one issue standoff: The size and timing of a rate hike. Yet the weaker the currency, the more multi-dimensional the issues and the greater the challenges in stabilizing the currency longer-term. #currency #markets #economy #investing #volatility #economics #centralbanks #fx #currency #Turkey …see more